StockFetcher Forums · General Discussion · SPX<< 1 2 >>Post Follow-up
Eman93
4,659 posts
msg #72602
Ignore Eman93
3/12/2009 10:58:11 PM

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Eman93
4,659 posts
msg #72603
Ignore Eman93
3/12/2009 11:10:56 PM

I think folks are screwed up when they say we are past important resistance.
If you use the "LOW" CLOSE and not the lows of November we are right at resistance.

I hope most of you know from TRO that the CLOSE is a very strong price point.

The Nov 20 close was 752.44

Todays high was 752.63 and was rejected back down under 752.44 to close @ 750.74.






Eman93
4,659 posts
msg #73040
Ignore Eman93
modified
3/23/2009 10:40:10 PM

Looks like the "all gaps get filled" line is holding true.......we need to get to 826 to fill the 2/17 gap down.

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Eman93
4,659 posts
msg #73357
Ignore Eman93
modified
4/7/2009 12:32:24 AM

Have we reached the top?


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johnpaulca
11,312 posts
msg #73358
Ignore johnpaulca
modified
4/7/2009 12:52:34 AM

It is what it is, a downward trend, every rally should be shorted...imho

tomm1111
198 posts
msg #73381
Ignore tomm1111
4/8/2009 2:42:46 AM

Eman93,

Nice chart.

Eman93
4,659 posts
msg #73446
Ignore Eman93
modified
4/9/2009 9:27:38 PM

OK we have a break out, all be it on fake bank earnings and Gov manipulation of the markets, but hell its a run to the 200 day SMA (upper red line). Now my trusty trading book says to go long a above the breakout bar with a stop below the break out bar.
The bears are running for their lives right now.

Any way the depth of the channel is 207 so 100% would put you to 1043. I am not saying with a straight face tha we will run to 1043 but to the 200 day MA is possable, take profits half way.... I will ball up and put on some swing trades Monday.

Stocks in strong sectors with lots of short intrest should be golden, lets kick some bear ass.....

I think we rip higher in a very excelerated manner as the bears capitulate. I am not waiting for pull back on this one. The bears will cover on every dip.

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Eman93
4,659 posts
msg #74183
Ignore Eman93
5/6/2009 11:37:35 PM

Almost time to get short..........

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StockFetcher Forums · General Discussion · SPX<< 1 2 >>Post Follow-up

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