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SPX Outlook for the ST


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#1 mss

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    I'M WATCHING

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Posted 20 December 2006 - 08:31 PM

:)

:)
Price still in a rise, but money flow and momentum is decreasing. Somewhere in the 1414-1428 area we will get the dreaded short term TOP. It now appears that the SPX will go a little higher before correcting, IMO. Keep in mind the the decline could be to 1370/80 and still be in a LT bullish trend.

Trading has been good for some during this period. It appears that not much has changed as far as targets ST, and I don't have a clue at the moment as to upside when S&P breaks out to the up side again. For now every thing I check is starting to roll over faster than a week ago so more caution is warranted.

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This will be my last post for this year. Hope all have a great Christmas and Happy Holiday season. My best to all.
mss
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#2 eminimee

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Posted 20 December 2006 - 09:09 PM

All the best Scott....Merry Christmas and best wishes for a great 2007

#3 traderpaul

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Posted 21 December 2006 - 02:40 AM

Mss, This market is running on fumes.....Just look at the strong Wed.....on the NAS.... 11/8 +9 11/15 +12 11/22 +11 11/29 +22 12/6 -7 12/13 +1 12/20 -2
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. " Rickoshay

#4 Rogerdodger

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Posted 21 December 2006 - 07:17 PM

This will be my last post for this year. Hope all have a great Christmas and Happy Holiday season. My best to all.


:cry:

That's so final!

I wish you and yours the very best.
See you next year. ;)