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SPX Hourly 10.22.08 - Market Outlook.


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#1 SemiBizz

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Posted 22 October 2008 - 08:01 AM

No turn in US $ Index before 87 Possible bounce here in gold contract in 750 area as far as 834... More likely continued erosion to $700. My scan of the financials last nite turned up weakness... Something major is about to happen there - Therefore: Expecting a test of the July lows now in the banks. C is already there... GS has tested, WFC, JPM and BAC will all test their lows... GS to 64
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#2 skyymaster

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Posted 22 October 2008 - 08:08 AM

No turn in US $ Index before 87

Possible bounce here in gold contract in 750 area as far as 834...

More likely continued erosion to $700.

My scan of the financials last nite turned up weakness...

Something major is about to happen there - Therefore:

Expecting a test of the July lows now in the banks.

C is already there... GS has tested, WFC, JPM and BAC will all test their lows...

GS to 64



Why was Paulson on the New York Stock Exchange yesterday, is he planning to shut it down with a switch connected to his desk? I wonder is something major is about to happen? :huh:
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#3 Swiss Trader

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Posted 22 October 2008 - 08:11 AM

> SPX Hourly 10.22.08 - Market Outlook., First Major Support 940, then 907 < Do you mean first resistance at 940 right? I have 917 and 908 as major support...below is the hell

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#4 SemiBizz

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Posted 22 October 2008 - 08:11 AM

ES Support Levels for today... S1 - 940 S2 - 919 S3 - 907 S4 - 872
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#5 SemiBizz

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Posted 22 October 2008 - 08:13 AM

> SPX Hourly 10.22.08 - Market Outlook., First Major Support 940, then 907 <

Do you mean first resistance at 940 right?

I have 917 and 908 as major support...below is the hell


If the market opens under 940, that will be resistance...

still 18 min to go anything can happen
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#6 eminimee

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Posted 22 October 2008 - 08:16 AM

I'm on guard for one of these...both bullish short term, green more bullish.... but I don't want spx below 926
http://stockcharts.com/c-sc/sc?s=$SPX&p=30&yr=0&mn=2&dy=0&i=p61564689205&a=88408952&r=6092.png

#7 blustar

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Posted 22 October 2008 - 08:16 AM

My indicators are suggesting an early Thursday bottom and then a strong rally into early Friday.

Blessings,

 

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#8 cgnx

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Posted 22 October 2008 - 08:22 AM

I pick S3. Creating the Triple Lindy. We then reverse. All today.
If it can be cornered, it will.

#9 SemiBizz

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Posted 22 October 2008 - 08:25 AM

I could have posted an SPX hourly with volume here, but TT cut off my upload privileges... It's not important or anything right?
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#10 SilentOne

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Posted 22 October 2008 - 08:26 AM

$SPX trendline support and bottom of triangle comes in around 900 today. Gann square at 900 (30 squared) is key. Market should as least bounce there (ie. ~900) in "e" of a triangle. Or straight down to new lows. cheers, john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain