|
发表于 2009-7-17 07:41 PM
|
显示全部楼层
本帖最后由 CoolMax 于 2009-7-17 20:45 编辑
来个重量级的说法:
STOCK RALLY RULES OUT HEAD AND SHOULDERS TOP - John Murphy。
STOCKS TURN HIGHER ... It looks like you can throw out most of what I wrote last Friday. I was expecting a deeper market correction after most market indexes broke short-term head and shoulder "necklines" (and daily EMA lines turned negative). I also wrote about the possible threat from a rally in the CBOE Volatility (VIX) Index. It turns out I was wrong on both counts. Stocks rallied strongly and the VIX touched a new low. The 13- and 34-day EMA lines flipped back into positive territory. So did most of our daily indicators like the MACD lines in Chart 1. One thing I did get right was my Monday evening chart showing the S&P 500 closing back over its neckline (inspired by a big rally in financial stocks), and the observation that another day or two above that resistance line would negate the head and shoulders top. [In a valid head and shoulders top, prices should not close back above a broken neckline]. The circle in Chart 1 shows that upside breakout on Monday which has been followed by an upside penetration of the late June high at 930. Although some readers have asked if the current rally could be just another "right shoulder", I'm somewhat doubtful. A retest of the June high at 956 looks more likely. The fact that the technology-dominated Nasdaq market has already exceeded that high is also influencing a rising market. That doesn't rule out the possibility for a market correction later in the summer or the autumn. This week's upturn, however, has postponed that possibility for the time being.
|
|