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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (13864)3/9/2004 4:30:21 PM
From: Chip McVickar  Read Replies (1) | Respond to of 206886
 
60 min SPX charts.... TP came in this morning at 10:00 am right at 0.618 fib... no trend reverse... price then promptly broke technical support at 1143.78, and a lower tine of the major up fork at 1140.24.....

Price has held for 6 hours the major dwn fork median line, sits just above lower tine of the forward dwn fork...

On the close price responded to a 0.887 retrace on the 60m chart.
Price is also on an internal trend line....

Technical support at 1134.43 will be important tomorrow...

Wed - Thur - Fri are all slated to be weak days



To: GROUND ZERO™ who wrote (13864)3/9/2004 4:46:05 PM
From: Chip McVickar  Read Replies (1) | Respond to of 206886
 
From my work the 60m SPX charts are now over sold and just about ready for a bounce higher....!

There's a TP at 1:30 for Wed....
Lets see what happens...!!!