SPX - OUTLOOK 9/29/09
#1
Posted 29 September 2009 - 08:03 AM
This is my current market thoughts and are subject to change as events suggest.
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
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
Posted 29 September 2009 - 10:23 AM
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
Posted 29 September 2009 - 11:35 AM
MSS is not my father, but old enough to be.
And you give grief today, -- today is my Birthday.
[attachment=13314:Listen.jpg][attachment=13313:SeriousCat.jpg]
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#4
Posted 29 September 2009 - 11:38 AM
Mark S Young
Wall Street Sentiment
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#5
Posted 29 September 2009 - 12:22 PM
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."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#6
Posted 29 September 2009 - 04:48 PM
-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
Posted 29 September 2009 - 10:22 PM
[img]http://t2.gstatic.com/images?q=tbn:y84ebAlTVRyI7M:http://www.sweetcakes4u.com/Web%20Pictures/Web%20L%20-%20Happy%20birthday%20scott.jpg[/img]
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#8
Posted 30 September 2009 - 06:16 AM
#9
Posted 30 September 2009 - 06:35 AM
Sorry about that.Happy Birthday Scott,
3) IMO if the 200 stocks MA breaks the yellow TL then we are confirmed OS.
Please explain OS?
jim
OS = over sold
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!