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29 July 2006

 
SP 500 - Daily / Weekly / Monthly Charts (29 Jul 06)

Monthly - candles with long lower shadows for 2 months show that a bottom has been identified.
Weekly - Morning star + long cross, a db in place?
Daily - a db formation will be confirmed once 1282 is broken out with heavy volume

Comment : US markets are always surprisingly resilient. Feeling they are still the best places to trade in in the world.





Comments:
A reply to you question on my blog:

Princess is spelt as Princess not Princes.

Therefore Princessgx refers to PrincessGX.

If it's got anything to do with SGX, it might be named PrincessSGX.

Anyway SGX can be an acronym for many things other than Singapore Stock Exchange...
 
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