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To: rcksinc who wrote (7232)6/18/2008 1:20:11 PM
From: Galirayo  Respond to of 41419
 
That was a Mini H&S Line I conjured up. lol

Measure it when it's Gone Poof. It's going Deep Sea Fishin if it breaks !! ;)



To: rcksinc who wrote (7232)6/19/2008 7:03:27 PM
From: Galirayo  Respond to of 41419
 
That Line ?? You Ask ??

.. Thats the Nemesis Line ... LOL

That's the Line that just just Ticks me off.. ;)

stockcharts.com



To: rcksinc who wrote (7232)6/19/2008 7:42:46 PM
From: rcksinc  Read Replies (2) | Respond to of 41419
 
Ray
That line may hold twice but it will not hold on the 3rd trip.
Tomorrow should be a dull day but I thought today would as well, so there is a chance we arrive there again tomorrow.
Expiration is a force and they clearly went after both Calls and Puts today.
I'm convinced we're headed for 1300-1315 before we get a good buyable rally but I've been wrong before.
I think the VIX needs to tag 27-29 before we get a good little rally.
I also would like the red horizontal line at least tagged before the little rally, you see at 1312 level.