Replies to post #96964 on ajtj99's Market Pulse

[ajtj99]

That cross was useless in Jan-May 2006:

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p61172568161&a=1...

Moving average crosses are lagging indicators. I've posted some studies on them here in the past showing it. The 1 and 2-day crosses are the only ones that seem to beat buy and hold.

[shoreco]

More impotantly is/was the action of the RSI during the last 2 months of new index highs.

Lower RSI with a higher index price = negative

You'll also notice the +DI (green) and crossed below the -DI (red) on the ADX indicator (need to keep an eye on this)

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p04814426321&a=6530777

Look back to March 2003 when the Green crossed above the red on the monthlies (bullish)

It's too early to call the Bull dead, but a trip to SPX 1350ish would be very healthy.

http://stockcharts.com/h-sc/ui?s=$SPX&p=M&b=5&g=0&id=p24349280473

It's the rise from there that will be questioned about who's stronger (The bull or the bear)...

Good Trading,
Shoreco