11 replies to this topic

[ModestTrader]

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.     

Sharon

<{POST_SNAPBACK}>

You've set up a really great site!

[Trend-Signals]

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,

Sharon