"It is pretty hard to tell what does bring happiness; poverty and wealth have both failed." Kin Hubbard

$SPX $SPY Weekly Chart Still Overbought

5. January 2010• SPX S&P 500, • Stock MarketPhantasmix Tags:  2 comments

I’m not sure overbought levels mean anything anymore! I honestly didn’t think SPX would go higher than 1,120-26 (50% retracement), at least not without a reaction/correction. MACD/price divergence continues.

Is the general public in or out of the market? Based on the people I know, they’re IN, but it’s a fairly small sample. And they’re Canadian! May not count. Please vote in the comments – is the general public in or out of the market?

Click to enlarge
spx_weekly

 


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2 comments:

  1. Hannes, 5. January 2010, 23:52

    Hey just saw on twitter that you had a new blog post, like that you can stay update with people now

     
  2. Phantasmix, 5. January 2010, 23:58

    Well done! Likely a spammer but I can’t bring myself to delete your comment in case you’re a legitimate visitor… Hmmm

     

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