Board-Ansicht
Mix-Ansicht- SPX- - Jacques, 22.09.2001, 08:01
SPX-
Leider nochmals ohne Grafik, ein Auszug aus einem update eines Advisory-Unternehmens fĂĽr institutionelle Anleger:
"The 18th September we discussed an interim downside target near 980 that in the meantime has been hit. In"panel 2" we see that the Disparity index, which measures the deviation of price to the moving averages, is registering rather extreme levels (price travelled far away from the moving averages illustrated in"panel 1"). To give you an idea of how wide the deviation is, we checked the data base back to the 40's. In this time span we reached these readings 6 times. Within the"recent history" (from 1970 to date) we have seen such readings in 1987, 1974 and 1970, always close or at major lows. Keep in mind that we are talking here about a daily chart, which stands in contrast to the monthly study outlined in our last update. Now, we further see in"panel 3" that this technical barometer (RSI) has no positive divergence yet and as long as this is not the case, the time for a big upside recovery did probably not arrive yet. A short-term support around 950 could provoke an interim bounce (minor resistances we have near 1025-1050) but probably no major recovery can follow before the S&P500 has tested the 900-850 area. We strive to keep you updated in this fast changing markets.."
Die Einschätzung, dass wir noch nicht bereit für den U-Turn sind, teile ich.
Gruss
jacques
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