spx just bouncing off 50dma
#1
Posted 22 June 2007 - 02:12 PM
The future is 90% present and 10% vision.
#2
Posted 22 June 2007 - 02:18 PM
only thing bulls have going for them is E O Q
I dunno, maybe I HAVE become too bullishly biased (I wasnt long going into this, rather positing some upside targets in due course), ut we still hold the 50 dma for now. Price is saying not much and we appear to my eyes to be in a range overall, a high level one at that.
#3
Posted 22 June 2007 - 02:41 PM
This means that the door is open
more to go!....1460/1440 next
Insider
#4
Posted 22 June 2007 - 02:49 PM
I don't see a break - you with me?
so it's tried for three weeks in a row, so maybe we some weeks up
but ultimately I see things going lower because of the yields and Bank of Japan
As I wrote on my post below...this is the third "Knock Knock" on the 50 SMA
This means that the door is open
more to go!....1460/1440 next
Insider
Edited by relax_dk, 22 June 2007 - 02:55 PM.
#5
Posted 22 June 2007 - 03:03 PM
Exactly but actually I see support if you draw a trendline from the top in march 2004 so that it hits the top in febuary 2007 - this line was tested two weeks ago and last week and this week
I don't see a break - you with me?
so it's tried for three weeks in a row, so maybe we some weeks up
but ultimately I see things going lower because of the yields and Bank of Japan
As I wrote on my post below...this is the third "Knock Knock" on the 50 SMA
This means that the door is open
more to go!....1460/1440 next
Insider
The 1-2-3 tops (formed in that way)... with the triple knock-knock is ugly... very bearish configuration
A small bounce off is possible but with no follow thru....simple the last pathetic bull attempt... before the freefall
Scary week is coming
CHART HERE
Insider
Edited by Insider, 22 June 2007 - 03:06 PM.
#6
Posted 22 June 2007 - 03:15 PM
but connecting tops from beginning of 2005 with tops at the beginning of 2006 and bottom from march of 2007, you get support at 1.400
any gain next week will be sold - a gain could go to 1.513 area, which is 50 per cent of the drop from 1.540 to 1.487
Cheers enjoy da weekend ;-)
Exactly but actually I see support if you draw a trendline from the top in march 2004 so that it hits the top in febuary 2007 - this line was tested two weeks ago and last week and this week
I don't see a break - you with me?
so it's tried for three weeks in a row, so maybe we some weeks up
but ultimately I see things going lower because of the yields and Bank of Japan
As I wrote on my post below...this is the third "Knock Knock" on the 50 SMA
This means that the door is open
more to go!....1460/1440 next
Insider
The 1-2-3 tops (formed in that way)... with the triple knock-knock is ugly... very bearish configuration
A small bounce off is possible but with no follow thru....simple the last pathetic bull attempt... before the freefall
Scary week is coming
CHART HERE
Insider
#7
Posted 22 June 2007 - 03:21 PM
The future is 90% present and 10% vision.