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ajtj99

01/05/07 2:09 PM

#96965 RE: Akbudman #96964

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.
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shoreco

01/05/07 3:02 PM

#96968 RE: Akbudman #96964

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