The Sovereign Speculator » Print » More juice in this rally?

More juice in this rally?

Posted By Mike On Feb 3, 2010 @ 11:24 am In Uncategorized, technicals | No Comments

Still have that downsloping RSI on the 10-min scale, indicating waning momentum on rallies since yesterday afternoon:

[1]

Source: prophet.net

But on a 20-day view of the S&P you can see the increasing upside strength since the 25th:

[2]

No telling whether this is the end of the whole rise or just a set-back. I could make a case either way, but I’m leaning bullish, since 2 days of mild rally doesn’t correct 2 weeks of decline. Monday’s advance:decline ratio was 8:1 (8 stocks up for 1 down), which is a pretty good “kickoff” for a serious rally.

Share and Enjoy:

[3]
[4]
[5]
[6]
[7]
[8]
[9]
[10]

Article printed from The Sovereign Speculator: http://sovereignspeculator.com

URL to article: http://sovereignspeculator.com/2010/02/03/more-juice-in-this-rally/

URLs in this post:
[1] Image: http://sovereignspeculator.com/wp-content/uploads/2010/02/2310-dow-10-min.gif
[2] Image: http://sovereignspeculator.com/wp-content/uploads/2010/02/2310-spx-20-day.gif
[3] Image: http://digg.com/submit?phase=2&url=http%3A%2F%2Fsovereignspeculator.com%2F2010%2F02%2F03%2Fmore-
juice-in-this-rally%2F&title=More%20juice%20in%20this%20rally%3F

[4] Image: http://del.icio.us/post?url=http%3A%2F%2Fsovereignspeculator.com%2F2010%2F02%2F03%2Fmore-juice-in-th
is-rally%2F&title=More%20juice%20in%20this%20rally%3F

[5] Image: http://www.facebook.com/sharer.php?u=http%3A%2F%2Fsovereignspeculator.com%2F2010%2F02%2F03%2Fmore-ju
ice-in-this-rally%2F&t=More%20juice%20in%20this%20rally%3F

[6] Image: http://www.mixx.com/submit?page_url=http%3A%2F%2Fsovereignspeculator.com%2F2010%2F02%2F03%2Fmore-jui
ce-in-this-rally%2F&title=More%20juice%20in%20this%20rally%3F

[7] Image: http://www.google.com/bookmarks/mark?op=edit&bkmk=http%3A%2F%2Fsovereignspeculator.com%2F2010%2F
02%2F03%2Fmore-juice-in-this-rally%2F&title=More%20juice%20in%20this%20rally%3F

[8] Image: http://www.newsvine.com/_tools/seed&save?u=http%3A%2F%2Fsovereignspeculator.com%2F2010%2F02%2F03
%2Fmore-juice-in-this-rally%2F&h=More%20juice%20in%20this%20rally%3F

[9] Image: http://reddit.com/submit?url=http%3A%2F%2Fsovereignspeculator.com%2F2010%2F02%2F03%2Fmore-juice-in-t
his-rally%2F&title=More%20juice%20in%20this%20rally%3F

[10] Image: http://technorati.com/faves?add=http%3A%2F%2Fsovereignspeculator.com%2F2010%2F02%2F03%2Fmore-juice-i
n-this-rally%2F

Click here to print.