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SPX--- Trendlines

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#11 ModestTrader



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Posted 24 July 2005 - 08:04 AM

SPX target around 1250/1260 area is 61.80% retracement of Mar00-Oct02 downtrend.  While market is near the major resistance, it has no sign of sell-signal on weekly chart.  Indicators are still bullish. 

Sentiment readings are historically high as shown on the VIX/VXN charts.  Need to be cautious. 

I post my comments on my personal trading website.  Your comments are welcomed.      :)



You've set up a really great site!

#12 Trend-Signals



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Posted 25 July 2005 - 07:24 AM

Hi ModestTrader,

Thanks for your compliment. :)

I find it a good way to keep the trading journal and thoughts.
I like to share my market comments with others so that we can mutually benefit
each other while we help others.
Your market thoughts are welcomed.

Best to you,


Market Timing ... Trend-Signals.com