Replies to post #51311 on TECHNICAL ANALYSIS

[lemmy]

Just had breakfast here, Jiorden...

...thanks for the chart. I think the blood letting is about over, but what do I know!

Take care and good luck with the MBA!

[dynodave]

RE: S&P 500. Solid plan Jiorden. The key here is the tight stop loss. Just about any plan is good if you have a tight stop loss and ride the winners. The only thing I would watch far is a rebound off the 1450 support and not a stall and breakdown. Wait for signs of a turnaround. I am betting the upward trend is broken, so the support lines will fall. When the Dow has it's worst week in 5 years, it is hard to hold the uptrend. But who really knows? Thats part of the excitement right? Good Luck.

[3xBuBu]

I am eyeing OEX SEP 2007 710 Call
see #msg-21051494
OEX is now out of bottom BB20, the next support is @670
Wm%R30 is trying to reach the bottom, the second bottom will give you some good indications will it bounce or not