chart update...
all new to me and technology will not allow me to make adustments to paint the words that follow as the site is down, so looking at the data posted over the weekend and yesterday, here goes...
taking a look at the 15 minute compx from 12/4, you'll notice we gapped above the trendline, had slight retracement at the opening, only to bounce off the trendline and we really never looked back for the rest of the day.
I did not have any horizontals above 2750 until 2890+/- area...and we closed just 3 points underneath this level.
I gave thought that maybe we could go to 2900, a thought that lasted for only a split second and quickly dismissed that notion as near to impossible, concluded that the day will paint a new picture and look for new points of interest to build new horizontal pivot...well, that's what i get for thinking...!
anwyay, is it possible to visit 3000 tomorrow, and then we retrace? as the next line of psychological resistance sits at 3000?...dunno, but i would venture to think we're due for retracement as we've made a tremendous move, both up and down, from our recent lows of 11/30...and wouldn't it be nice to see 2750 hold?
Amazing, the fundamental reaction by the market today with Florida issue, and with Greenspan's kind words.
BTW,,,(OT)...something that reached closure without much fanfare...we had another closely contested situation happening in good ole Wa...Maria Cantwell (from RNWK) defeated Gorton and kept dem/rep at 50/50...all this done on auto recount as the voting was quite close...and Gorton conceded gracefully, maybe something gore might take in learning stride.
let's see what tomorrow brings.
sites.netscape.net
also, if anyone has suggestions to improve on the charts, let me know...Right now, I have pixel settings as such, cuz one of the trading platforms i use is ancient in nature and requires these settings for optimal use...and don;t have anything fancy such as what I-spec (T) or jenna utilizes,,,so sorry, just learning...! |
