Monday, November 14, 2005

SPX - Weekly charts - 11/13/05



















The weekly Full Stochastics never got anywhere near oversold in the recent down move. It still remains on a weekly sell. We could be in a fake up move like the one we saw during June 2004. This indicator warrants caution on the bullish side ! Any failure here will end up as a backkiss and could lead to swift price decline.

No comments: