We are at support now, but there is a gap from 1289 to 1286 that
will act as support too.
http://screencast.com/t/B34Bmjq3qfPt notice this looks
like a H&S
Ever since the POMO started this is the first time that SPX
opened like 15 pts below and still continue to stay low. I smell
something fishy here to trap enough bears?
sorry was away for a few hours, I don't recall, since last fall,
when there was no POMO for 2 trading days in a row., maybe this
'correction' will have legs?
a descending triangle...lot of ugly bearishness there and the
pos divergences can be ignored for a long while just as we saw the
neg divergences were wiped out over and over again for months!!
Check out the 60 min SPX
Posted by perthx on 10th of Mar 2011 at 03:17 pm
sideways channel 1332 at the top and 1294 at the bottom...what patterns can we discern now?
We are at support now,
Posted by ditch on 10th of Mar 2011 at 03:31 pm
We are at support now, but there is a gap from 1289 to 1286 that will act as support too. http://screencast.com/t/B34Bmjq3qfPt notice this looks like a H&S
If that doesn't hold then 1275 is next.
Ever since the POMO started
Posted by simmon on 10th of Mar 2011 at 03:23 pm
Ever since the POMO started this is the first time that SPX opened like 15 pts below and still continue to stay low. I smell something fishy here to trap enough bears?
Is there any Bull count on SPX?
POMO question
Posted by hazbin1 on 10th of Mar 2011 at 03:50 pm
sorry was away for a few hours, I don't recall, since last fall, when there was no POMO for 2 trading days in a row., maybe this 'correction' will have legs?
simmon - Did you not receive the newsletter...
Posted by saturn6 on 10th of Mar 2011 at 03:29 pm
along with the additional commentary today?
how about a descending triangle
Posted by steve on 10th of Mar 2011 at 03:19 pm
how about a descending triangle perthx
steve, please tell me that's
Posted by maggi3322 on 10th of Mar 2011 at 03:21 pm
steve, please tell me that's bearish
sure could be
Posted by perthx on 10th of Mar 2011 at 03:21 pm
a descending triangle...lot of ugly bearishness there and the pos divergences can be ignored for a long while just as we saw the neg divergences were wiped out over and over again for months!!
What is the next support for SPX??
Posted by quickprofit on 10th of Mar 2011 at 03:22 pm