11 replies to this topic

[NAV]

That does not mean it cannot develop. Just an observation. Yesterday's spike low on the 30-min bar came at 267K contracts on the ES. Today's retest of that low was on 103K contracts indicative of waning selling pressure. You be the Judge.... Still holding the rest 50% of the longs from 1416.

Edited by NAV, 29 March 2007 - 01:29 PM.

[Trend-Signals]

Hi NAV,

Well true,

Noted these Qs 43.30 +/- and SPX 1410 are the important supports for a few days, now, we are at supports.

Wondering where the EOM actions are.

Not many selling or buying - low volume

Good luck with your trades



~~~

Date:3/29/2007 2:24:00 PM


Pivotal day with Qs 43.30 +/- and SPX 1410

CLOSE - we need to see positive price action into close to see future positive price actions.

Market intraday is oversold. We have selling in light volume.

Well, we would wonder where are all the Bulls looking for EOM action, JT.




http://www.stockchar...09398&r=598.png


http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=15&i=p73797548221&a=79285156&r=517.png

Edited by Trend-Signals, 29 March 2007 - 01:41 PM.

[dcengr]

[NAV]

Someone big, just needs to set the fire here. Seen this way too many times....

Edited by NAV, 29 March 2007 - 01:47 PM.

[Trend-Signals]

Someone big, just needs to light the fire here. Seen this way too many times....

Agree... we are seeing it now...

Need more of wake-up to trade above the resistance, e.q. Qs 43.35

Edited by Trend-Signals, 29 March 2007 - 01:51 PM.

[denleo]

Buying more stocks. Easy money. Denleo

[NAV]

Buying more stocks. Easy money.

Denleo

Denleo,

1406 SPX is my key pivot right now. Below that, i am gone. Above that, i can only afford to be long.

[arbman]

The way they discounted the tech, industrials and financials for a low and tried to push the energy to get them to sell it... It wants to bounce... I've been thinking about it, but I think it is more about killing more bears than a new trend...

[denleo]

We will not see 1406. We have been consolidating for a number of days. What seems like a lot of selling did not even bring us down to 20-day MA on SPX. Bears are pathetic. Denleo

[.Blizzard]

We will not see 1406. We have been consolidating for a number of days. What seems like a lot of selling did not even bring us down to 20-day MA on SPX. Bears are pathetic.

Denleo