Well, I tried one of those capture programs, and it didn't work too well. Maybe I'll have to sign up for that Stockcharts Extra service.
Here's a good example of the underlying support at 733 SPX:
stockcharts.com[w,a]daclyyay[d19970102,19970731][pd20,2!a842.29!a830!a733.5!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
There is also compelling support at 830 SPX. I don't really count the support at 814 and 817, as it was cut through pretty easily on a move up.
830 or 733, or some fib in between appears to be the target for this drop. |
