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hiker

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Posts: 8,859
Reply with quote  #1 

two chart updates for Nov. 5, 2010

SPX weekly closes with NYSI weekly closes -

* $1222 to $1236 represents horizontal resistance for the 2005 price advance, and horizontal support during the 2006 price advance, and then failed support during the 2007 to 2009 price decline ... this price zone is of further interest because the $1228 61.8 % retracement value for the 2007 high to the 2009 low resides within this 2005 to 2006 price zone


* notice this is the eleventh event in which the weekly RSI-10 has surpassed the 70 level since 2003



chart view by "mss" - Scott's Nov. 5 SPX weekly chart he uses for swing trading trend ID -


* notice the buy/sell signals he has marked with  green or red vertical lines


Attached Images
Name: SPX_weekly_closes_watching_$1228_and_$1063.97_-_Nov._5,_2010.png, Views: 127, Size: 166.63 KB

Name: SPX_weekly_by_Scott_-_Nov._5,_2010.png, Views: 127, Size: 76.99 KB



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hiker

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Posts: 8,859
Reply with quote  #2 
November 5, 2010

chart #1 -

SPX daily chart with two separate "forks", authored by blacktruck at Investors Hub in May, 2010

* notice that one fork median line is now being approached from below

link to this "live-updating" chart post (live with a browser refresh) by blacktruck -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50482349

chart #2 -

SPX monthly chart authored by "mss", Scott

Attached Images
Name: SPX_monthly_by_Scott_-_Nov_5,_2010.png, Views: 122, Size: 59.36 KB

Name: SPX_daily_forks_by_blacktruck_-_Nov_5,_2010.png, Views: 124, Size: 478.47 KB



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hiker

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Reply with quote  #3 
November 5, 2010

chart of SPX daily closes, with NYSI and NYMO above the main chart body ... and
XBD below the main chart body

* the NYSE McClellan Summation Index (NYSI) is now testing a prior large downside acceleration gap, which resides between the +880 and +1010 values

* XBD - Broker/Dealer Index price advance remains contained within the horizontal
resistance zone, so far



Attached Images
Name: SPX_daily_closes_-_Nov_5,_2010.png, Views: 116, Size: 103.66 KB



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hiker

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Reply with quote  #4 
November 9

update for SPX weekly chart:

*1228 continues to contain the SPX advance

* today's SPX decline was contained by the 3-week exponential moving average

* the US Dollar Index remains below its recent intraday high

Attached Images
Name: SPX_weekly_-_Nov_9,_2010.png, Views: 44, Size: 45.00 KB



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