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Re: NOBO post# 148180

Monday, 08/30/2010 9:49:07 AM

Monday, August 30, 2010 9:49:07 AM

Post# of 343825
Nobo, it should cross 0.0119 for short term trend to reverse to uptrend. Similarly, it should not go below 0.0081 (ideally not below 0.009) for trend to sustain. I analyzed the 2-year trend patterns (based on daily values) last week, Looks like the MMs are moving the SP with a target plan. If it crosses 0.0119, then 0.0133 & 0.0138 are kety break points. In case 0.014 is broken, then it will test 0.0145 - 0.0159 range. I don't think the 0.0169 breakout will be tested this soon..All IMHO...