Wednesday, 23 July 2014

S&P long term chart

Joanne Klein's mechanical long term trend-following system uses 10 and 50 week ema crosses for long term investment decisions
I have illustrated below and highlighted where we might be in relation to the last top.Of course it may be different this time :-)


Joanne's chart


at

2 comments:

  1. Souljester24 July 2014 at 00:17

    Thesis has been that the 1989 level would hold as resistance (yearly pivot) and we still just grinding under it.

    Currently the top of the Red 5 looks like the top of the Red 1 and Red 3:

    http://i1240.photobucket.com/albums/gg500/SoulJester786/SCRAMBLER_zps33bd0a4e.png

    Here is the yearly pivot again as RLS is moved to private:

    http://i1240.photobucket.com/albums/gg500/SoulJester786/SCRAMBLER_001_zps538c9de2.png

    Ruck!

    ReplyDelete
  2. Chartrambler24 July 2014 at 14:45

    Thanks SJ

    ReplyDelete