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hiker

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Posts: 8,859
Reply with quote  #1 
Dec. 7, 2010

SPX and OEX monthly charts showing the relationship of the 13 vs. the 34-month ema's:

* SPX is now achieving a slight positive cross by the two moving averages, while the OEX 13-month ema remains below the 34-month ema

* in addition, the OEX current high remains below the early 2010 high of $554.79, while SPX has now briefly surpassed its prior 2010 intraday high

Attached Images
Name: SPX_monthly_-_Dec_7,_2010.png, Views: 69, Size: 59.37 KB

Name: OEX_monthly_-_Dec_7,_2010.png, Views: 69, Size: 60.44 KB



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hiker

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Posts: 8,859
Reply with quote  #2 
Dec 7, 2010

SPX daily closes chart shown below for the purpose of showing that an SPX daily close below $1178.34 will be required to validate the current formation as a valid "double-top", if a significant price decline occurs in the future

Attached Images
Name: SPX_daily_closes_-_Dec_7,_2010.png, Views: 69, Size: 60.55 KB



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