Trending the SP500 SPX using proprietary cycles. A mechanical program (excel formula's) and the use of Advanced Get (Elliot waves) to both visually show what my spread sheet offers and how Advanced Get understands it. I'm also using a MOON COUNT that has been working nicely! Use at your own risk to supplement your own work. Jerry
Sunday, February 27, 2011
Choppy for a few days
Thinking a choppy few days then we see. The down trend is weak. Perhaps you noticed money came out of the blue chips and filtered down to $30 or less stocks. True signs of rotations and speculation. Cheap stocks could have a good run for a few weeks.
Looks like the Upvolume burned a few dollars trying to move a few points to 1st resistance
The % above 50dma makes me think chop like when we tested 1173 several times
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