8 replies to this topic

[mss]

This is my current market thoughts and are subject to change as events suggest.

I think there are several things to take special note of on this chart. Points of interest are below chart.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p15616977759&a=172072082&are=466.png

Long potential is 1080-1110 at present and LT 1310, there will be hic-ups along the way.

1) If the blue TL is broken then the orange dashed TL 1018 is first major Supp.

2) The shaded area suggesting level of stocks above 50 & 200 ma is important.

3) IMO if the 200 stocks MA breaks the yellow TL then we are confirmed OS.

4) RSI & MACD short term are in a positive direction -- BUT this could change today.

5) We have Supp. @ 1034.60, which is the 377dy ema

6) Other Supps. are, 1002, 995/980, 950

Comments and opinions are welcome.
mss

[Rogerdodger]

Always informative. All TA forecasts are based on market data. Thus all are subject to change IF the market data indicates, as you show. NOTE to newer members: MSS is not a female. That would be MS. MSS is experienced. MSS is quiet. MSS's charts are always worth a look. MSS is not my father, but old enough to be.

[mss]

MSS is not my father, but old enough to be.

And you give grief today, -- today is my Birthday.

[attachment=13314:Listen.jpg][attachment=13313:SeriousCat.jpg]

[OEXCHAOS]

LOL! Happy birthday, Scott.

[milbank]

You say it's your Birthday!
Well, Happy Birthday Scottso!
You say it's your Birthday!
Well, today's The Trophy Wife's birthday too yeah!

http://www.youtube.c...feature=related

At the end I'm sure he said "Happy Birthday Scottso!"

Edited by milbank, 29 September 2009 - 12:26 PM.

[inamosa]

happy b-day scott your viewpoints are always appreciated enjoy the cake

[Rogerdodger]

Happy Birthday dad.

[img]http://t2.gstatic.com/images?q=tbn:y84ebAlTVRyI7M:http://www.sweetcakes4u.com/Web%20Pictures/Web%20L%20-%20Happy%20birthday%20scott.jpg[/img]

[klono]

Happy Birthday Scott, 3) IMO if the 200 stocks MA breaks the yellow TL then we are confirmed OS. Please explain OS? jim

[mss]

Happy Birthday Scott,

3) IMO if the 200 stocks MA breaks the yellow TL then we are confirmed OS.

Please explain OS?

jim

Sorry about that.

OS = over sold