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.
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2 comments:

  1. BUY ON THE DIPJanuary 5, 2009 at 12:06 PM

    SHORT *COST!

    ....go team!!

    ReplyDelete
  2. Complacent PandaJanuary 5, 2009 at 8:09 PM

    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

    ReplyDelete

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