How do you see a retracement to 1515 on SPX before continuing up? My only concern is that if spx gets turned out at this point that it will be a 3rd lower top and 1515 might not hold...
hey tea
Started by
rkd80
, Jul 09 2007 09:45 AM
3 replies to this topic
#1
rkd80
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Posted 09 July 2007 - 09:45 AM
“be right and sit tight”
#2
eminimee
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I don't care who's fur is flying...
Posted 09 July 2007 - 10:48 AM
Would need a daily close under 1517 to suggest the lower peaks are good and we are headed to new lows for this correction...Otherwise we could still grind higher in a possible ED
Edited by Teaparty, 09 July 2007 - 10:50 AM.
#3
rkd80
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Posted 09 July 2007 - 03:05 PM
hmm, no pullback - but no breakout either, in fact the SPX is being held exactly at the TL connecting the two previous tops. But even if that line is broken to the upside the tops need to be surpassed for all the stops to be cleared i guess...
seems dangerous to be holding any positions now, it could go any way from the looks of it.
“be right and sit tight”
#4
rkd80
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Posted 10 July 2007 - 02:27 PM
heh, off by 1 day - not bad!
“be right and sit tight”
