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selected charts which present at least one single

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rimshot Member Profile rimshot  
Tuesday, January 17, 2012 3:39:11 AM
Re: None Post # of 34725 
selected charts which present at least one single price value which is now horizontal resistance AND/OR the new breakout value and confirmation ID for a potential further rally leg:

I am posting this for Glen in particular, with whom I have exchanged emails over the years discussing the topic of Trend ID

* my post at this board a few weeks ago stated:

SPX "brain-dead" signal to hold long above $1251 or hold short while below $1251

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70384913

with this follow-up post:

pay close attention to whether basing: 1. above or 2. below
the SPX $1235 to $1251 price zone occurs for a period of time in the coming 12 weeks.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70443926

chart #1 - Dow theory buy signal now in play for several months has been further confirmed
by the INDU and TRAN daily closes advancing above
the Sept to Dec daily close high for both the INDU and the TRAN

* notice the Transports' horizontal value where price
is now testing from below .. a breakout, if any, which
holds above this level for a period of time will
be a significant chart event



chart #2 - SPX daily

for several indices shown in this one chart,
at least one single price value is presented which is now horizontal resistance AND/OR the new breakout value and
the confirmation ID for a potential further rally leg



chart #3 is the SPX daily chart repeated from a prior post I made at this board

SPX "brain-dead" signal to hold long above $1251 or hold short while below $1251:

* the hits near the $1249 to $1251 price zone by the daily SPX price bars are more numerous than most other price levels since 2005




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