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Aug 15th, 2004

 
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arthur
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PostPosted: Sun Aug 15, 2004 5:51 am    Post subject: Aug 15th, 2004 Reply with quote



The SPX monthly chart shows MACD indicated a top in Jan (along with a peak in volume). However, Money Flow is still positive, while Accumulation/Distribution fell slightly, and it's 10 month MA is still rising. It seems, the smart money is betting SPX will rally later in 2004. However, I'm still cautious till Labor Day or the next Fed meeting both in Sep. Also, see the two new SMH charts on page four in "Chart Room."
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