sp
Started by
andr99
, Aug 28 2008 04:13 AM
4 replies to this topic
#1
andr99
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Posted 28 August 2008 - 04:13 AM
still ambiguous.....but close to break up....or down. should I place a bet Iwould say up, opening the road to 1340-1350 or slightly below.
forever and only a V-E-N-E-T-K-E-N - langbard
#2
eminimee
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I don't care who's fur is flying...
Posted 28 August 2008 - 06:34 AM
Right...and considering the possibilities that I posted on DJW and NYA yesterday...it's starting to make a ton of sense.. If we take out the recent highs....I'd still watch 615/620 OEX for a top....specifically 619 OEX in Sept. ...Which would put SPX at "roughly" 1340. Taking out 1260 for more than a quick fakeout before taking out 1293 on the upside makes this WRONG.
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=6&dy=0&i=p93076027969&a=81733073&r=5938.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=6&dy=0&i=p93076027969&a=81733073&r=5938.png
#3
hiker
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Posted 28 August 2008 - 08:23 AM
good morning, Tea. does this chart of yours remain in the back of your mind? thanks.
http://stockcharts.com/c-sc/sc?s=$SPX...&r=8074.png
http://stockcharts.com/c-sc/sc?s=$SPX...&r=8074.png
#4
eminimee
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I don't care who's fur is flying...
Posted 28 August 2008 - 09:05 AM
Yes...only I'm thinking that "B" will end up more near 1340 unless we take out 1260 before we make a new high for this move....see my OEX post above. If we take out 1260 for more than a quick visit...then B remains where it is....
Understand? I'll remark that particular chart with the 1340 possibility on it. Check it in about 5 min.
Edited by Teaparty, 28 August 2008 - 09:06 AM.
#5
hiker
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Posted 28 August 2008 - 09:21 AM
Tea,
I now see the noted change on the chart. thanks very much for the update.
