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Post# of 36151
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CaribbeanJim

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CaribbeanJim

Re: euterpe1 post# 28248

Sunday, 01/22/2006 3:12:51 PM

Sunday, January 22, 2006 3:12:51 PM

Post# of 36151
I agree. A close below 2200 could be bad for the bullish case. I plan on using that as my stop unless the ST McClellans are oversold and due for a bounce.

I think a weekly close below the 50WEMA would be the final straw because that would cause failure of the bullish parabolic (line up the NASDAQ lows: Aug03, Aug04, Apr05, Oct05 to form a parabolic).

Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.

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