Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fiscally Conservative who wrote (93251)	10/4/2011 2:03:13 PM
From: William H Huebl	Read Replies (1) of 94695

The S1 support is at 1087.33 and S2 is at 1043.24. For a good review of pivot points, support and resistance: en.wikipedia.org With this sell-off over the past 3 days, all 3 daily P&F charts have turned bearish for SPX to as low as 930. The highest forecast is 1010. The weeklies are still mixed - ATR is the only holdout still registering bullish with a forecast of 2262. The SPX will have to break below about 993 for that to change. Anyone investing at the peak is now down over 20% on average. Ouch! All the caveats apply.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next