New closing highs, sitting right against the intermediate trendline, and all trendlines pointing toward the 1260 area. Keep an eye on the MA lines, 9MA @ 1220, 13MA @1213, and 25MA @ 1208 which is just about right at the bottom diagonal trendline..... All the best....
SPX--- Trendlines
Started by
samsung
, Jul 19 2005 06:22 PM
11 replies to this topic
#1
Posted 19 July 2005 - 06:22 PM
#2
Posted 19 July 2005 - 07:25 PM
#3
Posted 22 July 2005 - 07:24 AM
VERY nice charts MT.... I hope the story they tell are soon to unfold. We clashed a time or two but I respect your work.
Not to cloud but Im seeing a test of the april lows in the next 14 days... does your work suggest?
#4
Posted 23 July 2005 - 02:28 PM
SPX target around 1250/1260 area is 61.80% retracement of Mar00-Oct02 downtrend. While market is near the major resistance, it has no sign of sell-signal on weekly chart. Indicators are still bullish.
Sentiment readings are historically high as shown on the VIX/VXN charts. Need to be cautious.
I post my comments on my personal trading website. Your comments are welcomed.
Sharon
[COLOR=blue]
Sentiment readings are historically high as shown on the VIX/VXN charts. Need to be cautious.
I post my comments on my personal trading website. Your comments are welcomed.
Sharon
[COLOR=blue]
Market Timing ... Trend-Signals.com
#5
Posted 23 July 2005 - 04:09 PM
Hi Sharon,
Thanks for dropping in the weekly chart with longer term fibs. I see this is your first post,,, so welcome too TT and look forward too more charts in the future. Drop in a link too your trading site and you will probably get a few visitors.. Again,, welcome and all the best.....
#6
Posted 24 July 2005 - 07:15 AM
HI T-S .good pt..welcome
#7
Posted 24 July 2005 - 07:24 AM
Thanks Samsung and bobalou for your comment and encouragement. Like to share our market thoughts as we collaborate each other. As I commented on my personal trading website which I quote it again below, I think that we need to be patient to get a confirmation for market to show whether it is a ST top or whether it is going to break above to the higher targeted areas.
You can see my comments on Sharon's Market thoughts I welcome your thoughts.
Best to you,
Sharon
You can see my comments on Sharon's Market thoughts I welcome your thoughts.
Best to you,
Sharon
Market Timing ... Trend-Signals.com
#8
Posted 24 July 2005 - 07:30 AM
Hi Bob,
Thanks.
I have a question since I am a new member of TT.
The screen got over-sized viewing.
Is it because I posted with a big size font?
Have a nice day.
Sharon
Thanks.
I have a question since I am a new member of TT.
The screen got over-sized viewing.
Is it because I posted with a big size font?
Have a nice day.
Sharon
HI T-S .good pt..welcome
Market Timing ... Trend-Signals.com
#9
Posted 24 July 2005 - 07:33 AM
Is that you on the page.you hotty.and nice web page.good job.
#10
Posted 24 July 2005 - 08:01 AM
T-S,YOUR POST IS /worked,O K for me.it's MT 's post that was large