What timeframe are you working in. There are some key levels
right around 837 and 838 in the S&P
837.15 is a 50% retrace from the Nov 4 highs to the Mar lows
838.01 is a .618 retrace from the Jan 6 high to Mar lows.
If we push thru we will head for 855. If we fail here then the
market will pull back and the 3rd time will be the charm.
At some point we will get a pullback and the important thing is
to buy the break. Untill we see the buyers lose control those are
the cards we are dealt.
Bill, What timeframe are you working
Just sitting on the sidelines today and watching...not understanding what ...
Posted by padraigm on 2nd of Apr 2009 at 11:09 am
Bill,
What timeframe are you working in. There are some key levels right around 837 and 838 in the S&P
837.15 is a 50% retrace from the Nov 4 highs to the Mar lows
838.01 is a .618 retrace from the Jan 6 high to Mar lows.
If we push thru we will head for 855. If we fail here then the market will pull back and the 3rd time will be the charm.
At some point we will get a pullback and the important thing is to buy the break. Untill we see the buyers lose control those are the cards we are dealt.
Pat
I was going by the
Posted by billrosen on 2nd of Apr 2009 at 11:13 am
I was going by the previous high of 32.68 I thinkis what it was...