Oct

22

Interesting clustering of closes in SP last 7 days 6 of the within 2 of 1175.5 .

Jay Pasch comments:

The sine wave immediately comes to mind. as she continues to cloak her direction there was one event registered yesterday on the nasdaq composite, the golden-cross thing, that could provide a directional clue; when nasdaq's 50sma crosses above its 200sma with the index trading in the upper one-third of its 52wk range, the index is up 16-for-16 with an average gain of 3.2% about 11 days after the cross. 


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