$SPX - Here's my 30 min SPX chart, as I've
taled about before, the Histogram setting of 25,175,25 works fairly
well on this time frame to catch trends. This Histogram went
above zero early last week and was something to pay attention
to.
If the recent bottom is some kind of W pattern, then perhaps
over the SPX may rally up to major resistance at 1260ish, which I
think would offer a good shortting opportunity.
otherwise, if a pullback occurs from here, look for it to
possibly find support on the broken trendline of the triangle
pattern
Posted by xxnileshxx on 29th of Aug 2011 at 04:25 pm
This storm is going to be more costly they they think.
Half of the damage has yet to happen due to sever flooding all over
the north east. I am in NJ and it is bad here in some
areas.
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SPX 30 min and market comments
Posted by matt on 29th of Aug 2011 at 03:41 pm
$SPX - Here's my 30 min SPX chart, as I've taled about before, the Histogram setting of 25,175,25 works fairly well on this time frame to catch trends. This Histogram went above zero early last week and was something to pay attention to.
If the recent bottom is some kind of W pattern, then perhaps over the SPX may rally up to major resistance at 1260ish, which I think would offer a good shortting opportunity.
otherwise, if a pullback occurs from here, look for it to possibly find support on the broken trendline of the triangle pattern
shouldnt we get a pullback
Posted by lakez on 29th of Aug 2011 at 04:13 pm
shouldnt we get a pullback before the ride to 1260, most indicators are overbought.
see my chart from earlier,
Posted by matt on 29th of Aug 2011 at 04:19 pm
see my chart from earlier, would be nice to get a shallow pullback first
Yahoo finance top two headlines
Posted by ravd on 29th of Aug 2011 at 03:45 pm
Nasdaq Up 3%: Stocks Jump After Storm Damage is Less Than Feared- AP Irene could be among costliest U.S. storms- Breakout
This storm is going to
Posted by xxnileshxx on 29th of Aug 2011 at 04:25 pm
This storm is going to be more costly they they think. Half of the damage has yet to happen due to sever flooding all over the north east. I am in NJ and it is bad here in some areas.