due for a bounce, page-19

Not sure if this is something to get excited about.
First chart shows last 6 times Bollinger bands have converged (since Nov 09) the SP has blipped up.


Next chart is a bit larger shows MACD crossed up through MACD Signal line, a possible buy sign a few days ago, and a change the SP will test the 45d EMA.



That is about all you have got to hope for but it is something. Not too sure if I would back the Bollinger Band play at the mom but it seems a reasonable bet. What it does say to me is that there is little chance of losing much from this level.