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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject6/22/2001 2:31:42 PM
From: besttrader   of 37746
 
$SPX hit resistance near 1240 which was STRONG resistance.
HOWEVER, it looks like it is forming an uptrend from the
low, in which case we could stay in this mini range from
here near 1225 area for the next 2 1/2 trading days
till greenspan. Then the cut could cause the market to
move either one way up through 1240 or the other way
down through this new trendline down hard.
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