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To: Crimson Ghost who wrote (3830)11/24/2008 12:06:29 PM
From: LTK007  Read Replies (1) | Respond to of 3906
 
We are there now, this is the test, hit 841 and is in stall right now. The fact FTSE closed today with it's greatest one rally in history at 9.5% MIGHT FEED into SPX having a breakout.

UYM was on my buy list but want to watch it's first run-up and than to decide if i buy on its first pullback.
i at this mo i feel UYG hit it's bottom at 3.22, we will see. Max



To: Crimson Ghost who wrote (3830)11/24/2008 12:18:30 PM
From: LTK007  Read Replies (1) | Respond to of 3906
 
O.K. we have the three knock rule in play, three knocks on support or resistance line means its direction will in the direction of the 3 knocks.
We now have one knock at 840-42 resistance line. Max


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