Replies to post #1857 on Charts SYSTEMS

[euterpe1]

I got stopped out at 90.97.

I have a point and figure chart that I simply watch and don't use...or believe in. It moved up to 1990 for an SPX target which of course we never hit. Now it changed the target to 1620.

We're getting positive divergences on the 2 hour chart.

Daily indicators realllly oversold IMO.

[euterpe1]

Weekly chart now says we are oversold in an uptrend. Look at a weekly chart of March 2007.

Ditto on the monthly. I will have to do some home work this weekend. Maybe we are setting up a major top, but it could be early in the process.