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IT & LT TREND CHARTS


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#1 mss

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Posted 16 February 2009 - 08:27 AM

Be careful in use below two weeks time frame. [attachment=9802:SPX_vs_SPX_VXO.png] [attachment=9801:SPX_vs_8_21eSCH.png] [attachment=9798:NYA_vs_8eSCH.png] [attachment=9799:VLE_vs_8eSCH.png] [attachment=9800:SPX_vs_8eSCH.png]
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#2 OEXCHAOS

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Posted 16 February 2009 - 11:16 AM

Nice work. I come away with a heads up for a low, but no low yet. Is that your read? Mark

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#3 mss

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Posted 16 February 2009 - 02:14 PM

Nice work.

I come away with a heads up for a low, but no low yet. Is that your read?

Mark

Test of 740/750 -- a failure of that 700/695 as stated earlier. Time frame , by mid year or sooner.

mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#4 Rogerdodger

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Posted 16 February 2009 - 02:26 PM

Scott thanks for the charts and your interpretation.
"Test of 740/750" has been called by so many that it scares me.
You know everybody will buy it.
And you know what that means, shakeouts afterward.

Hedgehawk said, Speaking of Crude Oil, which usually effects the S&P:
"I think it will do a full retracement of Fridays rally on Tues and Wed. Then implode after the weekly inventories on Thursday if Cushing OK inventories increase then continue the sell off into Friday expiration. I think it will go lower than anyone thinks possible."
"RD, you know there is "to much" crude when the EIA has to change their chart to accomodate the record high inventory."


If he's right, we could see those 740/750 levels this coming week.