... but whatever... unless we get a Humble1 (trademark, copyright, ect...) style gap up tomorrow... and quickly regain the trend... i'll push the sell button and stand aside... at lease gold 'n grains have been good to me 
SPX - they broke my trendline today...
Started by
TheArchitect
, Jan 12 2009 04:48 PM
3 replies to this topic
#1
TheArchitect
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Posted 12 January 2009 - 04:48 PM
i thought i'd share that because, according to some... i draw my trendlines wrong ... but whatever... unless we get a Humble1 (trademark, copyright, ect...) style gap up tomorrow... and quickly regain the trend... i'll push the sell button and stand aside... at lease gold 'n grains have been good to me
... but whatever... unless we get a Humble1 (trademark, copyright, ect...) style gap up tomorrow... and quickly regain the trend... i'll push the sell button and stand aside... at lease gold 'n grains have been good to me
#2
pdx5
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I want return OF my money more than return ON my money
Posted 12 January 2009 - 05:00 PM
From your chart, recent support is mostly at 825 region. That would be the level to watch.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
TheArchitect
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Posted 12 January 2009 - 05:21 PM
From your chart, recent support is mostly at 825 region. That would be the level to watch.
i'd think we'd see some major support at 850... that was a bit of a battle ground towards the end of last year.
on the 60 min, it looks like there's been some support a few points below todays low... maybe 863ish... i think it all goes back to how we react after breaking out of the formation... retest, regain or head back towards November...
#4
pdx5
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I want return OF my money more than return ON my money
Posted 12 January 2009 - 07:04 PM
Yes, I will personally send in support at 850. 
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
