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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (7292)	1/7/2012 1:16:26 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 41196

Long-term SPX (potential) trend and why 1300 is important now. The up-sloping lines are (heuristically) simply based off the black line which seems important. It flows with the 40-month average. This is a good place for the 40-month average to flatten out and turn up. I hope it does. More importantly, I used the simple rule: join major peak to bottom after next major peak to get the first dashed red line, and then I transferred the resulting red dashed line to consecutive peaks to observe what happens. The result is self-explanatory. The numbers count price crossing attempts on the red line, and the green number means success. Edit: The dashed red line from the first peak should have at least 3 attempts marked .... I put down only two. This is my error. We are at such a point now, near 1300 (see red question mark). It is important, I think, for us to start to trade above 1300 here.