200-day 61.8% slope summation solidly taken out
Started by
spielchekr
, Jan 21 2010 08:59 PM
4 replies to this topic
#1
spielchekr
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Posted 21 January 2010 - 08:59 PM
Strength above the 61.8% has collapsed after a lengthy bout of quivering spasmodic fatigue. Today's intraday low came within $0.63 of tagging the 50% line. Price closed pantingly above it. I doubt we see any semblance of support until the 38.6% line on this chart. We are moving to test 1085, no doubt about it.
#2
spielchekr
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Posted 21 January 2010 - 09:21 PM
The moving average rollovers were brutal on the 15 minute chart. Haven't seen it like this since the end of the bear market. 
#3
liberatorium
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Posted 21 January 2010 - 10:36 PM
I am very impressed with your work Spiel : )
..allthough it took me a while to comprehend.
lib
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=4&g=0&i=p70822422731&a=173837141&r=3971.png
..allthough it took me a while to comprehend.
lib
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=4&g=0&i=p70822422731&a=173837141&r=3971.png
"The issue which has swept down the centuries and which will have to
be fought sooner or later is the people versus the banks." Lord Acton
be fought sooner or later is the people versus the banks." Lord Acton
#4
Mtrader
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Posted 21 January 2010 - 11:59 PM
SPX retraced
1092.5 -5.00%
1035 -10.00%
977.5 -15.00%
You are on your own. This is for demonstration only.
JV
JV
#5
spielchekr
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Posted 22 January 2010 - 07:06 AM
...it took me a while to comprehend.
That's because I'm the contrary Younger Bear (from the flick Little Big Man) of this crowd. I ride horses backwards, wash with dirt, etc.
Thanks for the compliment.
