AI
| Followers | 71 |
| Posts | 12229 |
| Boards Moderated | 1 |
| Alias Born | 04/01/2000 |
Sunday, February 12, 2006 3:34:33 PM
Leavitt Brothers FreeStuff:
updated Sunday, February 12, 2005
02/12: The S&P broke its red center line by approx. the same degree it broke the same line last month. This is typical and permissible median line activity. Strength from here will likely see the index back at the upper red parallel.
02/05: The S&P has tested its most dominant median line (center blue line) but is sitting right at support and not giving any room for error. A mini median line (red) has been added and helps to lend credence to the same level. A line in the sand has been drawn. Weakness from here likely will lead to a test of the lower red parallel and if that doesn't hold, the lower blue parallel will get tested.
01/29: After bouncing last week and getting huge volume Thurs. and Fri., the SPX has made a higher high and higher low, so the trend up remains in place.
01/22: As we stated last week, longs were risky. The negative divergence we pointed out for our members played out perfectly. The uptrend is in question, and the best case scenario for the next few weeks is sideways action. But most likely we'll see some follow through on the downside first.
02/12: The Nas successfully tested it red median line. Volume was lighter on Friday's move up than on Thursday's move down, so the index has some proving to do. The top red parallel is our target on strength while the lower red parallel is our target if the median line (the center red line) is taken out on volume.
02/06: Four times the Nas has been rejected by it major median line (center blue line) and now a 4-month support level has been taken out with Friday's gap down. Short term we expect more weakness down to the lower blue parallel.
01/29: The Nas bounced and for now has maintained its uptrend, and given volume was strong Thurs. and Fri., testing the highs is likely.
01/22: After the biggest one-day move down in a long time, the uptrend can now be questioned. We are not looking to buy dips right now but instead playing the momentum down and letting the market dictate what we do.
updated Sunday, February 12, 2005
02/12: The S&P broke its red center line by approx. the same degree it broke the same line last month. This is typical and permissible median line activity. Strength from here will likely see the index back at the upper red parallel.
02/05: The S&P has tested its most dominant median line (center blue line) but is sitting right at support and not giving any room for error. A mini median line (red) has been added and helps to lend credence to the same level. A line in the sand has been drawn. Weakness from here likely will lead to a test of the lower red parallel and if that doesn't hold, the lower blue parallel will get tested.
01/29: After bouncing last week and getting huge volume Thurs. and Fri., the SPX has made a higher high and higher low, so the trend up remains in place.
01/22: As we stated last week, longs were risky. The negative divergence we pointed out for our members played out perfectly. The uptrend is in question, and the best case scenario for the next few weeks is sideways action. But most likely we'll see some follow through on the downside first.
02/12: The Nas successfully tested it red median line. Volume was lighter on Friday's move up than on Thursday's move down, so the index has some proving to do. The top red parallel is our target on strength while the lower red parallel is our target if the median line (the center red line) is taken out on volume.
02/06: Four times the Nas has been rejected by it major median line (center blue line) and now a 4-month support level has been taken out with Friday's gap down. Short term we expect more weakness down to the lower blue parallel.
01/29: The Nas bounced and for now has maintained its uptrend, and given volume was strong Thurs. and Fri., testing the highs is likely.
01/22: After the biggest one-day move down in a long time, the uptrend can now be questioned. We are not looking to buy dips right now but instead playing the momentum down and letting the market dictate what we do.
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
