News Focus
News Focus
Replies to #469 on Chart Ideas
icon url

rimshot

11/18/11 12:30 PM

#473 RE: rimshot #469

chart of the XLI weekly price action vs. its 89-week ema compared to the SPX weekly closes vs. the 89-week ema:

* the comparison of the actual price location relative to the 89-week ema for both XLI and SPX will be highly instructive and useful to a trader at this time and in the future

(note: XLI = Industrial sector, in which market participants discount their expectations for the future global economic conditions)

icon url

rimshot

11/23/11 11:50 AM

#474 RE: rimshot #469

updated SPX weekly closes chart with SPX price action vs. its 70-week simple moving average

* this chart is posted for the purpose of examining all the price elements displayed ... an interpretation of the actionability guidance provided by the chart data requires a thorough examination of this information AND a willingness to be objective in the use of the chart facts

* I have insufficient time at this moment to make further comments