10 replies to this topic

[opinionated]

Wondering what the thoughts are? I was looking at 1420- 1430 area but there are some TL at 1440 as well...

[SemiBizz]

Well, I don't follow SPX intraday for volume reasons, but if 1440 was your pivot and it was broken, then I would look for a test at a minimum and probably a follow through to the next pivot down. I show 1434 as the next support pivot. I don't have any volume output intraday on SPX to confirm this though...

Edited by SemiBizz, 10 September 2007 - 01:12 PM.

[opinionated]

OK,... Thanks... Let me ask your thoughts on what you do chart then? You were tempted to play a long bounce yourself earlier, No? You had thoughts of a run at 2590's

Edited by opinionated, 10 September 2007 - 01:18 PM.

[SemiBizz]

OK,... Thanks... Let me ask your thoughts on what you do chart then? You were tempted to play a long bounce yourself earlier, No?

Yes was in and out of SMH calls earlier for a small profit. I track the Nasdaq, mostly. Right here we are dealing with 2557 fib cluster pivot... if we break 2561 we'll probably make another high today, I think it's more likely though that we're going down from here I have targeted 2509-11 area.

Edited by SemiBizz, 10 September 2007 - 01:21 PM.

[hiker]

some SPX and SPY ideas here....

http://www.traders-t...?...;blogid=26

note SPY needs to move above 145.56

also the TA guy at briefing.com is posting some great analysis lately, and incorporating EW.

Edited by hiker, 10 September 2007 - 01:22 PM.

[bliss just missed]

some SPX and SPY ideas here....

http://www.traders-t...?...;blogid=26

note SPY needs to move above 145.56

also the TA guy at briefing.com is posting some great analysis lately, and incorporating EW.

hiker....where on their site can we find this....I checked and couldn't find anything...thanks

[hiker]

their admin answers emails...it is not proper for me to direct you. in the subject heading of your email to them, mention: TECHX updates and Technical Take ask them what sections contain these...the second one should be obvious as a pop up name in their 5 menus as a platinum sub

Edited by hiker, 10 September 2007 - 04:19 PM.

[emdee]

Wondering what the thoughts are? I was looking at 1420- 1430 area but there are some TL at 1440 as well...

If this continues to play out like 2006 we should be ready to go any time:

Fwiw...Mike


http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=2006-03-10&en=2006-08-30&i=p12256158939&a=116374492&r=9881.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p01458982175&a=116374524&r=4284.png

[emdee]

If the SPX does start moving up tomorrow, then today might end up looking like the bottom of stair step #2 a few months from now. Simply an observation. M

[blustar]

For what it's worth, I believe the trend is down and going against the trend is suicide. We could hit the 1400 SPX area very soon and maybe more. Tues should be a big down day.