Jeff, that's where some of those trendlines you get by connecting pivot lows may come in handy. You'd be surprised how many times they come into play. Don't think the guys that do program trading don't know about those sitting down there <G>.
There's also Fib targets that can be used as well. For example, if you ramp from 1000 to 1250, you can take the 250 and get fibs of (1.0, 1.382, 1.618, 2, 2.382) 250, 346, 405, 500, and 596 for drops from 1250.
You've also got possible bear flag and H&S targets we'll probably have to work with.
There will be plenty of stuff to work with, but probably not those monthly MA's we've had. However, the Boyz won't have those either.
We can also watch the SPX knowing the markets will be moving together. |
