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Post# of 148479
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teaparty

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teaparty

Re: None

Wednesday, 04/15/2009 9:59:49 AM

Wednesday, April 15, 2009 9:59:49 AM

Post# of 148479
Three options...of which the third isn't really outlined on the chart..and sorry if this is confusing..

Two options on chart are 1. We've topped and we are off to new lows....2. We come down and form a right shoulder....and 3. Which was suggested on the oex chart earlier...we still need another high to finish the ED....that would mean a fake poke above the neckline and collapse..

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=6&dy=3&i=p76513282666&a=81733073&r=5122

PS...this mornings low on OEX has (so far) held the bottom of a channel/wedge..and the very important 392/93 area...

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=0&dy=7&i=p41264366701&a=89308538&r=1927

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