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montanamark

04/16/05 1:20 PM

#381222 RE: montanamark #381221

similar level to watch on spx is 1125 to 1115
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plexxus

04/16/05 1:50 PM

#381229 RE: montanamark #381221

Here are the weekly charts on the major indices....major technical damage this week. I see that trendline you are referring to. Very possible we get a bounce off those levels to backtest the recent breaks through the 200 SMA/EMA areas or necklines on the daily charts.

http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[w,a]whcayiay[df][pb50!b200!f][vc60][ila12,26,9]....

http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]whcayiay[df][pb50!b200!f][vc60][ila12,26,9....

http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[w,a]whcayiay[df][pb50!b200!f][vc60][ila12,26,9][....

http://stockcharts.com/def/servlet/SC.web?c=$tran,uu[w,a]whcayiay[df][pb50!b200!f][vc60][ila12,26,9]....