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S&P 500
5,408.42
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-1.73%
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US TECH 100
17,870.94
(
-3.09%
)
Dow Jones
40,345.41
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-1.01%
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Brent Oil
70.89
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Post# of 79025
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northam43

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northam43

Re: northam43 post# 17596

Friday, 01/20/2006 12:13:02 PM

Friday, January 20, 2006 12:13:02 PM

Post# of 79025
Market View - Well looks like Pokersam and I are right on the current direction of this market, and of course Pokersam called the top. The MACD(12,26,9) is showing a bearish crossover. We go down from here to under the NDX Daily RSI(5) 30 (That could be today or next week). If I was short I would take profits when RSI(5) dips below 30. I will be watching the MACD for a trend change to the upside. We will start a bull run before the MACD bullish crossover occurs. I think we could get a bounce off the 50 SMA at 1689-90.

JMHO

Lindy

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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