Funny, I checked the ChartsEdge subscriber site intraday but didn't look again at their public site until just now. Looks like Mike of ChartsEdge posted this today at that site,http://www.chartsedge.com/wp/ (thanks again, Mike and ChartsEdge!). I'm not confident I can give the definite interpretation for reading that high on Dec. 4 notation - anyway, I'm rather certain the next thing to look for on his TCI graph is for the index to get low down again to point toward the next swing low. If you look again at the ChartsEdge weekly, you might think that could even come tomorrow. If so, maybe it's an important one, maybe just part of an upward sloping range chop. So we'll continue go by our levels, which continue to measure upward so long as the SPX remains over 1100. (Okay, could work with lower but just keeping it easy for now.)
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TCI chart
Posted: December 7th, 2009 | Author: Mike Korell |Filed under:One-Day Market Map | No Comments »
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