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SPX - SUPPORT & RESISTANCE

Started by mss , Jan 16 2008 07:05 AM

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3 replies to this topic

#1 mss

I'M WATCHING

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6,182 posts

Posted 16 January 2008 - 07:05 AM

These lines are based on ALL the various S & R levels over the past 1.7 years on a weekly chart. They will have different effects on price movement at each level.

Posted Image

mss

This chart will not update.

WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

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#2 eminimee

I don't care who's fur is flying...

TT Member
14,307 posts

Posted 16 January 2008 - 08:20 AM

We got the wee up/down move on the 233ema I was looking for....now as long as the parallels hold ....a double bottom on oex at 636/640 is an excellent buy point. The 233ema on the nya up volume divided by total volume MUST hold those parallels.....if it doesn't ...that's a "bear" sign for me.
PS: This will update..

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=8&mn=6&dy=0&i=p35496465046&a=124626876&r=4665.png

Edited by Teaparty, 16 January 2008 - 08:21 AM.

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#3 mss

I'M WATCHING

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Posted 16 January 2008 - 09:07 AM

Nice charts and very good logic. Any good reason you used 233 instead of 89,55, or 34? Just wondering. mss

WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

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#4 swinger

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Traders-Talk User
545 posts

Posted 16 January 2008 - 09:36 AM

OEX 644 was the last support on my stuff--so we could see a bounce start off that number.

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SPX - SUPPORT & RESISTANCE

#1 mss

#2 eminimee

#3 mss

#4 swinger

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