Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 687.86

-0.4%

Dec 29 4:00 PM EST

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To: TraderMann who wrote (11847)	10/29/2010 9:26:48 PM
From: Chip McVickar	Read Replies (1) of 220819

tradermann you asked about the $... we should see 79.61 or 80.44 by end of december my time forward daily charts show a great deal of activity in the last week of oct 1st week nov... unusual to have a cluster in both daily and weekly for that time frame my time lines are also active... one broken and the other has been resistance the last 7 bars... these are similar to fib fans.. but not exact.... they must be broken convincingly if we are to see the 80s.. anything over 77.5 or 78.00 would be a breakout in my charts. also the oscilators like CCI - RSI - ultimate are in place with divergences so thats what my work on the charts says... so for what its worth to anyone else... it should be interesting Gold and precious metals seem to look toppy too Chip

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