need some marker for a reversal of the downtrend...1404 R to switch to support would be a good start
simple SPX weekly chart
Started by
hiker
, Aug 16 2007 10:49 AM
1 reply to this topic
#1
hiker
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independent trader
Posted 16 August 2007 - 10:49 AM
1404 as Resistance may be more important now than whatever supports folks are looking at...approaches to 1404 have been sold for now...sellers remain in control until proven otherwise by R at 1404 being taken out.
need some marker for a reversal of the downtrend...1404 R to switch to support would be a good start
need some marker for a reversal of the downtrend...1404 R to switch to support would be a good start
#2
hiker
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- TT Member*
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- 12,118 posts
independent trader
Posted 16 August 2007 - 01:20 PM
just now made a run at 1404 where the intraday rally stalled for now.
