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SPX - OUTLOOK 9/29/09


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#1 mss

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Posted 29 September 2009 - 08:03 AM

:)
This is my current market thoughts and are subject to change as events suggest. B)

I think there are several things to take special note of on this chart. Points of interest are below chart.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p15616977759&a=172072082&are=466.png

Long potential is 1080-1110 at present and LT 1310, there will be hic-ups along the way.

1) If the blue TL is broken then the orange dashed TL 1018 is first major Supp.

2) The shaded area suggesting level of stocks above 50 & 200 ma is important.

3) IMO if the 200 stocks MA breaks the yellow TL then we are confirmed OS.

4) RSI & MACD short term are in a positive direction -- BUT this could change today.

5) We have Supp. @ 1034.60, which is the 377dy ema

6) Other Supps. are, 1002, 995/980, 950

Comments and opinions are welcome.
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!!

#2 Rogerdodger

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Posted 29 September 2009 - 10:23 AM

Always informative. All TA forecasts are based on market data. Thus all are subject to change IF the market data indicates, as you show. NOTE to newer members: MSS is not a female. That would be MS. MSS is experienced. MSS is quiet. MSS's charts are always worth a look. MSS is not my father, but old enough to be. :lol:

#3 mss

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Posted 29 September 2009 - 11:35 AM

MSS is not my father, but old enough to be. :lol:


And you give grief today, -- today is my Birthday.

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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 OEXCHAOS

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Posted 29 September 2009 - 11:38 AM

LOL! :lol: Happy birthday, Scott.
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#5 milbank

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Posted 29 September 2009 - 12:22 PM

You say it's your Birthday!
Well, Happy Birthday Scottso!
You say it's your Birthday!
Well, today's The Trophy Wife's birthday too yeah!

http://www.youtube.c...feature=related

At the end I'm sure he said "Happy Birthday Scottso!"

Edited by milbank, 29 September 2009 - 12:26 PM.

"The power of accurate observation is commonly called cynicism by those who have not got it."
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#6 inamosa

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Posted 29 September 2009 - 04:48 PM

happy b-day scott your viewpoints are always appreciated enjoy the cake
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months

#7 Rogerdodger

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Posted 29 September 2009 - 10:22 PM

Happy Birthday dad.

[img]http://t2.gstatic.com/images?q=tbn:y84ebAlTVRyI7M:http://www.sweetcakes4u.com/Web%20Pictures/Web%20L%20-%20Happy%20birthday%20scott.jpg[/img]

#8 klono

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Posted 30 September 2009 - 06:16 AM

Happy Birthday Scott, 3) IMO if the 200 stocks MA breaks the yellow TL then we are confirmed OS. Please explain OS? jim

#9 mss

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Posted 30 September 2009 - 06:35 AM

Happy Birthday Scott,

3) IMO if the 200 stocks MA breaks the yellow TL then we are confirmed OS.

Please explain OS?

jim

Sorry about that.

OS = over sold
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!!