Posted by marketguy on 17th of Dec 2009 at 03:24 pm
depends on how that last line is drawn...if you move it up just
a smidge to include that early Dec touch (where it bounced as
though it was reacting to something) then it was a slight
break today....how it's drawn now it did not...we'll see....
Posted by marketguy on 17th of Dec 2009 at 03:30 pm
I know (never accused anyone of re-drawing anything)...just
saying if one were to connect the last week's low to the line it
would've broken slightly....besides, can't I hope?
depends on how that last
Fan chart
Posted by marketguy on 17th of Dec 2009 at 03:24 pm
depends on how that last line is drawn...if you move it up just a smidge to include that early Dec touch (where it bounced as though it was reacting to something) then it was a slight break today....how it's drawn now it did not...we'll see....
here's a daily log and
Posted by matt on 17th of Dec 2009 at 03:29 pm
here's a daily log and linear chart. Log slight breach, Linear no. Tomorrow is options expiration.
SPX daily
SPX daily log
I didn't re-draw the line
Posted by matt on 17th of Dec 2009 at 03:26 pm
I didn't re-draw the line
I know (never accused anyone
Posted by marketguy on 17th of Dec 2009 at 03:30 pm
I know (never accused anyone of re-drawing anything)...just saying if one were to connect the last week's low to the line it would've broken slightly....besides, can't I hope?
Yep you can hope! let's
Posted by matt on 17th of Dec 2009 at 03:33 pm
Yep you can hope! let's see what happens. take your bets on the gap, that's all this market ever does
one thing for sure, this has been the gappiest market on record in my memory
"hope" is a valid investment
Posted by marketguy on 17th of Dec 2009 at 03:51 pm
"hope" is a valid investment strategy isn't it?
yes, the 'Slope of Hope'
Posted by matt on 17th of Dec 2009 at 03:56 pm
yes, the 'Slope of Hope'