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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (199121)4/30/2009 10:35:52 AM
From: ajtj99Read Replies (3) of 306849
 
Mark Haines has some ethics, but he's not very bright.

Who really cares about what they close this month at? This market is about support and resistance. People here watch the news and think it has something to do with the market. People and programs that look at the market like me are what move it. We look at technical aspects. Computers on Wall Street are programmed to buy and sell technical things, not stupid news blurbs.

The SPX now has support at 875. Overhead resistance is at 918. Below 875 there is key support at 864. We have been making higher highs and higher lows. Until that ends, play the trend and forget the noise.
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