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Post# of 8327
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euterpe1

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euterpe1

Re: frenchee post# 6121

Wednesday, 05/29/2013 12:45:50 PM

Wednesday, May 29, 2013 12:45:50 PM

Post# of 8327
Bigger picture looks like we are still on track for move to 1600-1620. Ultimately I am looking at the mid BB as the bounce point.

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=10&mn=0&dy=0&id=p93221413093

We could certainly repeat Oct 2006 - Oct 2007, but when the DI- gets down to 9 or 10 on the weekly chart, it's time to exercise caution.

Short term, $VIX is overbought IMO.
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