VOLTAIRE'S PORCH-MODERATED Message Board

STOCKTALK

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (63086)	12/30/2005 12:44:07 PM
From: Clappy	Read Replies (2) of 65232

I was about to ask you why you might prefer this possible turning point as opposed to the set up that happened on Dec 27th. The 30 min and 60 min charts looked similar that day in the way they are turning now. However I rolled out the chart to the next time frame of 1 Day and discovered the answer myself. The daily chart did not look close to being done on the 27th in comparison to now. That is not to say this down move is over yet. Just appears to have a higher percent chance of bouncing here as opposed to on Tuesday... I hope I'm not boring anyone here. I know this chart talk is hard to follow along without the pictures... -Clapper P.S. Just like to add here that the SPX appears to fallen through support and might not rest until it hits the 50 dma line or possibly the previous support shelf at 1240ish.

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