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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (129332)	2/9/2006 5:16:55 PM
From: shoreco	Read Replies (1) of 209892

So your basic analysis of the market is... We can go up... We can go down... We can stay right here... That's about the market we've had for 2 years now with an upward bias and no major corrections... stockcharts.com[r,a]maclyyay[pb7!b25!b50!b100!b150!b200][vc60][iUb14!Ua12,26,9!Lh14,3!Ll14][J6530777,Y]&pref=G I can easily see a 100pt pullback on the SPX over the next few months, but with that said, there is a ton of support in the 1175ish area (so I doubt we'll see any type of crash)... Everyone looking for tops, everyone looking for bottoms... For the near term I think we've got a date with the 50ma area just above 1200ish... Look at the patterns on this chart... stockcharts.com[r,a]waclyyay[pb7!b25!b50!b100!b150!b200][vc60][iub14!ua12,26,9!lh14,3!ll14][j6530777,y]&listNum=1

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