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GLENO34

11/01/08 12:09 PM

#133544 RE: rimshot #133542

Possibly even to the Weekly 10EMA..Notice it has turned a little sideways..That is a good sign that becomes the target..
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=1&mn=6&dy=0&id=p31128286932&a=86663089
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GLENO34

11/01/08 12:15 PM

#133546 RE: rimshot #133542

The 60 min 200MA "could" be rez but my view is the Daily 34MA..It is falling so will be lower each daily update.
img src="http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=0&i=t85693164342&a=121806161&r=8928
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Sam_0

11/01/08 11:00 PM

#133559 RE: rimshot #133542

Smile

Just to comment a smidgen on Tea's GREAT charting,,, and to add some logic perceptions for your considerations.

This era we are in.. has no duplicate in History that I'm aware of.. and our commerce is being eroded by lack of morals,greed and smut. With that sort of climate picture to bounce off reality needs to slap this Reaper dead. And that to me means we will most likely face more of a down move to shake this falsity to the core. I went short on Fridays close. Hello 700 zone spx, and perhaps 6000 Dow.. BWTHDIK