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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (79537)2/18/2008 7:05:22 PM
From: Kona  Read Replies (1) | Respond to of 94695
 
1-9 January to September
A-C October to December



To: Investor2 who wrote (79537)2/18/2008 7:12:56 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
ABC 123
Here we see rising columns of X's and falling columns of O's
with numbers (1 - 9) and letters (A, B, C) placed within the
columns. The number and letters are simply used as monthly
indicators, allowing the user to have at least a rough idea of
when these price movements occurred aside from the given year
markers at the bottom. The numbers 1 - 9 correspond to months
January thru September, and to save space, A B & C were
assigned to October, November, and December respectively.
Therefore, if you saw a "2" in the place of an X, that would
indicate that the price rose by the box value in the month of
February. Keep in mind that the "2" would not necessarily
indicate February 1, it simply signifies that the price
movement occurred in the month of February.

stockcharts.com

We hit support, and there is another support at 40. SP500
should have troubles at 1400.