Τρίτη, Μαΐου 01, 2007

SPX - Hourly Chart

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MACD Indicator seems to converge to a second kiss rather bear again.
Third one usually crosses above.
Critical to hold the support area 1475 around , crown fibo as well.
Next to then if breaks 1460.
Resumes long positions above 1485 positionally towards 1516.
Dimigon
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Equity Strategy: the Dow (DJI.I) and S&P 500 (SP500.I) are terribly out of whack. The spread between the two is currently at 4-year extreme and with the two sporting a 98% correlation, we expect to see normalization soon (i.e. buy S&P 500, sell Dow).
Saxo Bank

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