Monday, January 5, 2009

Tres Charts

Look at the MACD slowly edging towards a positive divergence on the SPY's weekly. Signals an increasingly bullish outlook.


BUY ON THE DIP said...


....go team!!

Complacent Panda said...

I'm liking how it looked today. Just slightly below average volume (more than any of the last 8 or so days. Touched the 50 day. If it can break through that, I would be very happy. Bearish from the 20/50/200 ema perspective on the daily.

I'd like to see the SPY drop some more tomorrow...nice doji formation--perhaps we'll see an evening star. Who knows?

Take care, BotD