8 replies to this topic

[eminimee]

and a chance it could hold for the long term too.......if not....1375ish is key to hold for a very bullish case.

http://stockcharts.com/c-sc/sc?s=$OEX:$SPX&p=D&st=1990-01-01&i=p58499156155&a=60625866&r=3508.png



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[eminimee]

http://stockcharts.com/c-sc/sc?s=$INDU&p=M&st=1993-10-14&i=p23890859041&a=87051918&r=2955.png

[selecto]

[attachment=5118:attachment]

[eminimee]

selecto,?????........I'm not sure what you are saying?

[selecto]

I don't think 1405 "holds." I think we attempt a run back to the ascending trend line. [attachment=5119:attachment]

[CLK]

I'm going long next week, we have a scorch coming per the lower timeframes.

[spielchekr]

I'm going long next week, we have a scorch coming
per the lower timeframes.

I agree, FWLIW. Tight compressions between the PPO and ADX on many index charts from 60m on down.

[eminimee]

....don't get me wrong....I'm actually bearish but very bullish if OEX can close a week above 670....bullish short term to spx 1442/44 and have the index in an ED. If OEX can't clear the target mentioned ....then down to at least 1378....targets below that...1368,1360, 1330. Close below 1327 then much deeper. If 670 is taken out north....we could be 1550 spx quickly.

[spielchekr]

I'm not convinced said scorch would be free of ulterior motives, mind you.