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To: MythMan who wrote (10832)2/18/2000 11:14:00 AM
From: Lucretius  Read Replies (1) | Respond to of 42523
 
i got charts up the arse -g-



To: MythMan who wrote (10832)2/18/2000 12:05:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 42523
 
Did somebody ask for a P&F chart???

Here is the 10pt SPX chart. You will notice that we are in a column of Os. This means that the market is moving down (ho ho ho). But also notice that we are coming up to support at 1360 where we have both a double bottom *and* the bullish support line...whaddya bet that the support holds and another round of puts is wiped out? But if it doesn't and we hit 1350, I won't be too worried, cuz I bought some protective puts and I'll play the short side just as quickly as the long side.

1490 | 1490
1480 | 1480
1470 X X 1470
1460 X O X X O 1460
1450-----------------------------------------------X O X O X O ----------------1450-
1440 X X 1 X O X O X 1440
1430 * X O X O X O O X O 1430
1420 X * X C O X O X O X O Med1420
1410 X O * X O X O X O X O X O 1410
1400-------------------X O --* ------------X O X O | O X ----O 2 O ------------1400-
1390 X O * X O | O X O X O 1390
1380 7 O X * B | O O X O 1380
1370 X X O X O * X | O X 1370
1360 O X O X O X O X * X | O 1360
1350-O 5 --X O ----X --X O X O X O ----* --X -- | -- ----* ------------1350-
1340 O X O X O X O X O X O 9 O * X | * 1340
1330 O X O X O X X O X O X O X O X X X | * 1330
1320 O O O X O X O X 8 X O X O X O X O X | * 1320
1310 O 6 O X O O X O O X O X O X | * 1310
1300---------O X O X ----O X ----O --O A O X ------| --* ----------------------1300-
1290 O X O O X O X O X | * 1290
1280 O O X O X O X * Bot1280
1270 O O X O X * | 1270
1260 O * O X * | 1260
1250-------------------------------* * --O X * ----| --------------------------1250-
1240 * O * | 1240
1230 * * | 1230
1220 * | 1220
1210 * | 1210
1200---------------------* ------------------------| --------------------------1200-
1190 * | 1190
1180 * | 1180
1170 * | 1170
1160 * | 1160
1150-----------* ----------------------------------| --------------------------1150-
1140 * | 1140
1130 * | 1130
1120 | 1120
1110 9 | 0 1110
1100-* ------------------------------------------9 | 0 ------------------------1100-
1090 +- 1090