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To: Chip McVickar who wrote (12154)	2/16/2012 2:15:17 PM
From: Woody	Respond to of 12410

So using your Dow chart, what kind of a target are you thinking for it .. testing the middle red tine? Woody

To: Chip McVickar who wrote (12154)	2/16/2012 9:50:14 PM
From: Hawkmoon	Respond to of 12410

I'd like to see 1370.58 cash taken out and then a retrace towards test 1010-1050 before lanching higher. Huh??!! Why would you want it to go that low? That would essentially set the SPX into a long term trading range. I'd like to see it hold current levels, where resistance once again becomes new support and then launch higher from there. It's taken a long time to challenge these resistance levels. They must be overcome for the market to climb higher. Hawk