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today's SPX intraday pattern


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#1 hiker

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Posted 16 August 2007 - 01:32 PM

yest the second try at the a.m. high was near 1:44 ET today it is at about 2:20 ET .382 retrace of today's bounce off the "bottom" to the 2:20 high is about 1391 1404 major horizontal based on the long-term daily...once support, is now R until proven otherwise.

Edited by hiker, 16 August 2007 - 01:33 PM.


#2 thespookyone

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Posted 16 August 2007 - 01:51 PM

FULLY AGREE, Hiker-no reason to get giddy here until 1404 is taken out.

#3 esther231

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Posted 16 August 2007 - 02:57 PM

Now can we get giddy? Say yes. :)

Edited by esther231, 16 August 2007 - 02:58 PM.

When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells

#4 hiker

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Posted 16 August 2007 - 04:09 PM

hi esther...hope you enjoyed the day.

SPX horizontals that Ted Burge has used for some time

1525
1476
1447
1432
1404
1370

Dave's thoughts here today in succession may be helpful -

http://forums.techni...post?id=2091829

I plan to begin my vacation tomorrow, so my mind has already left this plane of numbers for a different place of beauty.

best to you, and peace.

Edited by hiker, 16 August 2007 - 04:11 PM.