Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Magnatizer who wrote (2015)	6/16/1998 12:45:00 PM
From: Magnatizer	Read Replies (1) of 13094

Thread Supports and resistance for the S&P 500 Overhead magnets 1127.7, 1168.48 Magnets below ... 932.22 Neutral zone 1029.9 I have also divided the areas between the neutral zone and the magnets into 1/4s yeilding values of 956.65, 981.09, 1005.5, 1054.4, 1078.8, 1103.2. I think they will all provide support on a downturn of the market. I expect the 1029.9 neutral zone to provide quality support and a rally off of that level toward the 1127.7 and possibly 1168.48 magnets to occur within the next 6-8 weeks. Right now is not a good time to initiate new longs, IMO. I will be waiting for a bounce off of one of the supports to hold before initiating longs. ht david

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