Sunday, February 26, 2006 12:37:21 PM
SPX view & weekly chart
I have more downside views than upside. This is my only true Bull View, SPX weekly.
S&P is forming an undecided range on a grander scale. I have seen this formation (on daily scale) with sbux, boom and countless others. It tells me the big fishes are undecided and need a litle more time to crunch their numbers. It can break either way.
I'm using this view and semiconductors to gauge which way the techs will break-out. In the mean time, the intraday plays are profitable at .01-.03% per day.
I have more downside views than upside. This is my only true Bull View, SPX weekly.
S&P is forming an undecided range on a grander scale. I have seen this formation (on daily scale) with sbux, boom and countless others. It tells me the big fishes are undecided and need a litle more time to crunch their numbers. It can break either way.
I'm using this view and semiconductors to gauge which way the techs will break-out. In the mean time, the intraday plays are profitable at .01-.03% per day.
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