Technical analysis of the S&P 500 Index
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   brsinc
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Username: brsinc Post Number: 5 Registered: 04-2004Rating: N/A Votes: 0
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| | Sunday, March 19, 2006 - 09:56 pm: | 
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Good morning/afternoon, I am interested in opinions and discussion about the future direction of the S&P 500 index. After analysis of the monthly, weekly, daily and hourly charts I have concluded that the S&P is due for a correction. The monthly chart shows a high RSI reading and looking at the past, when this occurs, a downturn is usually right around the corner. On the weekly chart, there is classic divergence between the RSI and price action. This is also true on the daily chart. The hourly chart shows that the price action has already started down but of course with a short time frame that is not reliable. Any opinions or thoughts? Respectfully, Mike
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   nat
Member
Username: nat Post Number: 67 Registered: 01-2005Rating: N/A Votes: 0
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| | Wednesday, March 19, 2008 - 02:12 pm: | 
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Hi there anyone, was looking at chart of sp500 on ic charts and the vol seems very low the last 3 days ,is this correct ?And if so what does one interpret that to mean ,no more sellers?Or is it to do with contracts changing over ?Nathan
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   colin_twiggs
Member
Username: colin_twiggs Post Number: 3141 Registered: 09-2002Rating: N/A Votes: 0
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| | Wednesday, March 19, 2008 - 02:35 pm: | 
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It does not look correct. I have asked our data suppliers to investigate. Regards, Colin
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   nat
Member
Username: nat Post Number: 68 Registered: 01-2005Rating: N/A Votes: 0
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| | Monday, March 24, 2008 - 10:59 pm: | 
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hi colin just wondering if you found out anything about that volume being low on charts for sp 500,also there is a big gap last mon to tues on some charts for sp 500 but not on ic charts ,altho it is the code inx so could be a bit diff maybe?Just that some peoples think it will come back and fill the gap before moving higher.Nathan
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   gdd3
Member
Username: gdd3 Post Number: 316 Registered: 09-2002Rating: N/A Votes: 0
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| | Thursday, July 03, 2008 - 02:51 pm: | 
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Hi Paddy, Sway, Stoian and Tryhay....know you guys are involved in a good discussion on the "Future move of the DJIA" but I thought I would resurrect this S&P500 thread to, maybe get your response on her as well. Just my opinion but I think if the S&P500 fails to hold last night's low on a close basis this week then she looks very likely to head down to a minimum of 1188, being 50% of the move up from its Oct.02 low and the Nov.07 high(see Chart One below), or even 1134(Wave "C" equaling Wave "A" on Chart Two below). Two time frames I'll be watching for these areas seem to be abt Aug. 15th and late Sept. Chart One Chart Two
Tryhay, I do like what you are suggesting in your last post on the DJIA(re: most momentum indicators at extremes) and maybe we will see a short-term bounce BUT maybe it we still have some lower lows to make yet! Dolphin
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   stoian
Member
Username: stoian Post Number: 424 Registered: 03-2004Rating: N/A Votes: 0
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| | Thursday, July 03, 2008 - 05:42 pm: | 
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Qdd3 and others, The ^GSPC INDEX is looking much more better as the ^DJIA INDEX, and the NASDAQ INDEX is looking much better as the ^GSPC INDEX. The ^GSPC=S&P500 proves a much, much more EQUILIBRATE evolution in time, in the last=curent=present period of time=since 2003, as the ^DJI=DOW JONES INDEX, because: the amplitude of perturbations=distortions=oscillations=fluctuations were small in time=NOT TOO FAR AWAY - NOR IN PLUS, NOR IN MINUS - FROM THE PRIMARILY KIND OF EVOLUTION OF THE TRUE=REAL MEAN=TREND IN TIME, but the "chaotical" evolution was taking place EVEN INSIDE OF THE MOST PROBABLE INTERVAL - the light yellow one - FOR THE: NORMAL=STANDARD=LAPLACEEAN OSCILLATIONS=FLUCTUATIONS=VARIATIONS IN TIME. I do not beleve - or better said: i hope - that the FREEMASONS WILL NOT PUSH THE EVOLUTION OF ^GSPC TO FALL - together with the evolution of the DJIA Index - for the future (like the orange curve for the SECONDARY EVOLUTION=THE GENERAL TENDENCE is ALREADY showing us) till the EXCEPTIONALLY MINIMUM from 685 points (the horizontal red line), but AT MOST - AS A WORST SCENARIO - till the MINIMUM OF SUPPORT from 1.028 points ONLY (the horizontal pink line).
Regards, Doru Stoian
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