7 replies to this topic

[eminimee]

I agree with Nav's take...above 1455 we could rock...otherwise...another low would look good from my point of view.

670 OEX is still a significant number in my books....we need to get below it and close below it again for down.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=8&dy=13&i=p64549672629&a=109189416&r=2167.png

[ogm]

I don't think that MACD and Stochastics have another low in them. Particulary MACD.

[eminimee]

I don't think that MACD and Stochastics have another low in them. Particulary MACD.

no...I hope not....there is where I would like divergence.

[ogm]

Or like this...


You use faster MA's there on your chart, look how they crossed up and started spreading ...

Edited by ogm, 21 August 2007 - 06:04 AM.

[ogm]

Or how about this one....

This is including the overnight sessions too...

btw, futures came back strongly after 8 point overnight dip. Back to positive.

[eminimee]

All good points ogm...I'm neutral and scalping....I'm just presenting possibilties. . . and price points that have to be taken for direction... Top of channel on ES for the first hour day session is 1455 ...trading over that at open would be a gap up and over...otherwise it's still resistance until it's not.

[ogm]

All good points ogm...I'm neutral and scalping....I'm just presenting possibilties. . . and price points that have to be taken for direction...
Top of channel on ES for the first hour day session is 1455 ...trading over that at open would be a gap up and over...otherwise it's still resistance until it's not.

We're hitting 1455 this very moment.. looks good Up 15 points from overnight lows already. Thats not wimpy.

[Venatici]

I don't think that MACD and Stochastics have another low in them. Particulary MACD.

I agree with the MACD view. It looks exactly like june 2006. The only thing that worries me is the economic landscape. Totally different from june 2006. No?