Sunday, June 24, 2007

A Technical Look At the SPYs

This is a 5 year weekly chart. The indicator is the MACD. Notice a few things.

1.) In the last 5 years, the MACD has given 5 sell signals. 4 out of 5 of these times the index has corrected.

2.) The MACD looks like it is about to give a sell signal

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