Replies to post #59444 on SPDR S&P 500 (SPY)

[RCKS]

Glen
You may have seen this but I thought I would post it for others to see.
This is LG's chart looking at the potential shift from a bearish view to a more bullish view. He did a great job last fall saying Eli is coming, a view that a top was in and this is a view that a bottom is in or very close.

[chaart]img516.imageshack.us/img516/8439/20080911scspxdailyse4.gif

[learningboutinv]

Gleno, I don't know this H+S 15min pattern will follow through, but the QQQQs on the 15min has negative divergence, CCI can't get above 100, MACD neg. D, ADX rolling down, and RSI rolling down after a lower high too. If this rolls down past the ~43.02 neckline, QQQQs target would be ~42.35.