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 683.47

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Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (22827)	8/4/2011 2:27:02 PM
From: Wayners	Read Replies (2) of 219478

Trendline/Regression support at high $120 to low $121s. Support comes from lows of Nov 2010, but the lines of support are not horizontal, they are slightly uptrending. Also support coming in from dowtrending support lines in the $120 to $121 region. Quite a crash and pretty expected after the H&S appeared. I'm sure many are panicing because they have any idea where support is. It's a cheap carnival game of psychology and the trendlines work because they are programmed into the machines.

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