SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ask DrBob

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stan_hughes who wrote (58840)5/7/2002 8:36:17 AM
From: shoreco  Read Replies (1) of 100058
 
stan, Yesterday before I left I wrote a post in regard to the SPX and the importance of 1050ish holding.

Here's a channel chart that shows the SPX has one more chance at a spike down to around 1040ish and that number keeps going lower each day.

photos.yahoo.com

I could see a spike to these levels, but like I said it would have to be an intra-day move and it must!! and I repeat must close above 1050ish.

Should we breach these levels, then my guess is the September retest is in the cards.

It a simple magic number that must hold.

EOM
Shoreco
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext