two charts...second is why the 1010 area is important (as well as the weekly). I've posted that long term daily chart many times...the first time back in May or June of last year...in a post called "Fear Mongering"..
http://www.traders-t...?...ic=89664=
There is a reason why I made the RSI here so big by the way on this weekly.
Anyways...FF demonstrated on the second chart is still a test of the 1010 area...above the line on that chart...the bottom is in. ..reject it and then we complete the ABC.....if ABC...note 270 in your head on OEX.
If we take out 840/50 south in the next few days...forget the test of 1010 area...
There were some posts about 1010 area over the weekend by several.....it's not rocket science...
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=1&mn=6&dy=0&i=p31679113738&a=81489240&r=1167.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=20&mn=11&dy=29&i=p37774019240&a=142133285&r=1664.png
In my dreams....
Started by
eminimee
, Jan 12 2009 05:12 PM
2 replies to this topic
#1
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 12 January 2009 - 05:12 PM
#2
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 12 January 2009 - 05:17 PM
#3
Lee48
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- Traders-Talk User
- 1,619 posts
Member
Posted 12 January 2009 - 06:30 PM
Nice work and logic teaparty.
I'm thinking the high has already been made per the ma(20) rollover again.
And maybe a low tomorrow or Wed per the Full STO getting near the 20 oversold level.
Then a 4 or 5 day rally into Obama day........... IMHO of course...
http://stockcharts.com/h-sc/ui?s=$NYM...id=p30095481276
Also VIX is moving on up.
I'm thinking the high has already been made per the ma(20) rollover again.
And maybe a low tomorrow or Wed per the Full STO getting near the 20 oversold level.
Then a 4 or 5 day rally into Obama day........... IMHO of course...
http://stockcharts.com/h-sc/ui?s=$NYM...id=p30095481276
Also VIX is moving on up.
