Ralph
26.11.2000, 11:20
Wenn man von Technologie-Werten spricht, dann nennt man meistens im selben Atemzug den NASDAQ Composite-Index. Dass aber auch der S&P500-Index sehr tech-lastig ist, wird oftmals verkannt !
Da dieser Index aber an einer Wegkreuzung steht, stelle ich hier mal eine Chartanalyse zu diesem Index vor, die deutlich macht, dass hier "allerhöchste Eisenbahn" ist !
<IMG SRC="http://www.stockcharts.com/commentary/richardr/images/richardr20001124-1.gif" border=0>
Die Analyse stammt von Stochcharts.com (Richard Rhodes) und sagt folgendes aus:
SP 500 Index ($SPX)
Given the recent declines in the other averages, it is time to reexamine $SPX, for it is a somewhat broader measure. As the daily chart clearly shows, the $SPX has traded down from its September high in the 1500 plus range down to previous support in the low 1300 area, testing crucial previous support. On Wednesday, we saw the $SPX close at its lowest level since October 1999. However, the intraday lows were not violated. Therefore, the trading range continues to remain in force, but a neckline of a less than pretty head and shoulders can be drawn. In either case, a break through the lower boundary, or neckline, would have similar implications - a fall towards the 1125 area - which is the rough percentage measurement from the high at 1530 to the low at 1305. This is then applied to the lower boundary, which then becomes the upper boundary or resistance.
In addition, the tests of the 50- and 450-day simple moving averages (SMA) were negative -- the SPX sold off without being able to trade for a significant period above them, and this will allow for a continued supply of stock at them. Make no mistake about it, the SPX is in a precariously bearish position, but support does lay at the 1250 and the 1200 areas; however, the 450-day SMA is rolling over, and this portends weakness for quite some time in the future. Furthermore, the all-important 20-day stochastic continues to move lower, and this is bearish. Until it turns up from oversold territory, one must remain bearish on this index.
Evtl. schafft der S&P500 auch, auf dem Niveau einen Doppelboden auszubilden !
Good luck
Ralph
[Dieser Beitrag wurde von Ralph am 26.11.2000 editiert.]
Da dieser Index aber an einer Wegkreuzung steht, stelle ich hier mal eine Chartanalyse zu diesem Index vor, die deutlich macht, dass hier "allerhöchste Eisenbahn" ist !
<IMG SRC="http://www.stockcharts.com/commentary/richardr/images/richardr20001124-1.gif" border=0>
Die Analyse stammt von Stochcharts.com (Richard Rhodes) und sagt folgendes aus:
SP 500 Index ($SPX)
Given the recent declines in the other averages, it is time to reexamine $SPX, for it is a somewhat broader measure. As the daily chart clearly shows, the $SPX has traded down from its September high in the 1500 plus range down to previous support in the low 1300 area, testing crucial previous support. On Wednesday, we saw the $SPX close at its lowest level since October 1999. However, the intraday lows were not violated. Therefore, the trading range continues to remain in force, but a neckline of a less than pretty head and shoulders can be drawn. In either case, a break through the lower boundary, or neckline, would have similar implications - a fall towards the 1125 area - which is the rough percentage measurement from the high at 1530 to the low at 1305. This is then applied to the lower boundary, which then becomes the upper boundary or resistance.
In addition, the tests of the 50- and 450-day simple moving averages (SMA) were negative -- the SPX sold off without being able to trade for a significant period above them, and this will allow for a continued supply of stock at them. Make no mistake about it, the SPX is in a precariously bearish position, but support does lay at the 1250 and the 1200 areas; however, the 450-day SMA is rolling over, and this portends weakness for quite some time in the future. Furthermore, the all-important 20-day stochastic continues to move lower, and this is bearish. Until it turns up from oversold territory, one must remain bearish on this index.
Evtl. schafft der S&P500 auch, auf dem Niveau einen Doppelboden auszubilden !
Good luck
Ralph
[Dieser Beitrag wurde von Ralph am 26.11.2000 editiert.]