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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (19037)9/7/2006 1:47:49 PM
From: PuddleGlum  Read Replies (1) | Respond to of 23958
 
One respondent says that we have an IHS, and we have just returned to the neckline, from which we should bounce up.

But I think we go a bit lower from here before we bounce.



To: Galirayo who wrote (19037)9/7/2006 2:33:45 PM
From: Jibacoa  Respond to of 23958
 
Ray,

Re: The SPX

It, as well as the DOW & the NAZ are on near term downtrends

It could re-test its Aug.28 L at 1289 or 1285 (the Aug.15 H & Aug.16L)

If that doesn't hold it could come to retest the Aug.10-Aug.11 L at 1261 where there seem to be better support.<g>

But my guess is it could find support at the 1280 level.<g>

quickchart/quickchart.asp?symb=spx&sid=0&o_symb=spx&freq=1&time=6


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