4 replies to this topic

[spielchekr]

Because over half (261 of 500) of the $SPX stocks are already there.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=2002-01-01&i=p25854209657&a=113161416&r=483.png

[arbman]

Some of the similar cases that my stuff spotted tonight...



- kisa

[humble1]

if you take the spoo close and subtract the premium we closed just about right on top of it. so, if futures open even weaker than the furures close we could gap through it in breakaway style. spiel/anyone: looking at that nice simple spx chart you posted, where do you see the major support points. go as far down as you like.

[spielchekr]

if you take the spoo close and subtract the premium we closed just about right on top of it. so, if futures open even weaker than the furures close we could gap through it in breakaway style.

spiel/anyone: looking at that nice simple spx chart you posted, where do you see the major support points. go as far down as you like.

The bears can do 1380ish. Below that is bear real estate. I rather think we're forming a massive H&S here. Until then, the best part of "fear and loathing" is setting up to kick in should we move from here to the 1380's. BTW, a Monday 5% trading halt from Friday's settlement would conveniently occur at 1386, fwiw.

[spielchekr]

PS: added a couple of lines to my 1st chart (it's live) to show why I'm seeing a H&S potential (below an "M" top to boot).

Edited by spielchekr, 29 July 2007 - 12:28 PM.