Replies to post #82783 on SPDR S&P 500 (SPY)

[rimshot]

check out the 8,21,1 weekly macd on the GE...now testing the levels of the prior high AND the zero line at the same time

weekly GE with SPX price line overlay

13.77 is one bull/bear line for GE

this chart also illustrates the importance of SPX 952 to 958 resistance

http://stockcharts.com/h-sc/ui?s=GE&p=W&st=2008-01-01&id=p77299461504&a=170086245

[Two-timer]

Gleno, on this "exciting trading day," I dedicate these additional "Murphy's Laws of Trading" to you and Dan. Two

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"No indicator is ever a complete failure--it can always serve as a negative example."

"Once an indicator has fouled up, anything done to improve it only makes it worse."

"Technical analysis is the process of going up alleys to see if they're blind." (Or does this apply to e-wave?)

"No two identical trading periods are alike."

"At some time in the life cycle of virtually every indicator, its ability to succeed in spite of itself runs out."

"With complex indicators, such as e-wave, there is no relationship between information gathered and decisions made."

"If there are two possible ways to read what an indicator is telling you, you will pick the wrong interpretation."

"With every indicator, seek simplicity...and distrust it."

"A trader with one indicator knows what to do; a trader with two indicators is never sure."

"Always leave room to add another indicator if all the rest don't work out."