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#1 maineman

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Posted 05 January 2007 - 02:28 PM

Sitting right on the trendline off the mid November Peak....Push through and its a quick trip to 1380... BUT, if it holds.... look out above. mm
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#2 dcengr

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Posted 05 January 2007 - 02:50 PM

Sitting right on the trendline off the mid November Peak....Push through and its a quick trip to 1380... BUT, if it holds.... look out above.

mm


I dunno where you're drawing the line...

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#3 maineman

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Posted 05 January 2007 - 02:54 PM

Sitting right on the trendline off the mid November Peak....Push through and its a quick trip to 1380... BUT, if it holds.... look out above.

mm


I dunno where you're drawing the line...

Posted Image


Draw a HORIZONTAL line from the late November PEAK across the early December lows and today's lows.... Think HORIZONTAL... opens up a whole new way of seeing the world... Like a box....

mm
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#4 dcengr

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Posted 05 January 2007 - 02:57 PM

Draw a HORIZONTAL line from the late November PEAK across the early December lows and today's lows.... Think HORIZONTAL... opens up a whole new way of seeing the world... Like a box....

mm


ya.. some of us call that SUPPORT line.. trendline is usually something else. You did say trendline.

Yes SPX has support right here based on price. Its been bouncing off it a few times. But it also has maintained its trendline.. until today maybe.
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#5 arbman

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Posted 05 January 2007 - 03:31 PM

This is what I thought...

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#6 maineman

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Posted 05 January 2007 - 04:15 PM

Sorry for the confusion... "technically" you are right, I was referring to a SUPPORT line. BTW, looks like it held.... maineman
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