Replies to post #1777 on Jon's CHARTS

[CPTMatt]

http://www.barronschallenge.com/php/index.php

[Pho Real]

I was also thinking about taking a nice long term short within the next few days....

god that would be nice

[LMRI T/A]

yea ..

imo a lot of people r expecting the same (waiting for a big fall) ..

ive been following the rather 'strange' similarities to dow 35 since march 03 bounce .. and it is indeed .. strange ..
'if' it is to continue .. the weekly stoch should never hit bottom but start the 'ceiling dance' oscillating at the top as the index pt keeps moving up .. may b a complete coincidence but .. we shall see ..


imoeom

[jon_e_og]

this week will be key.... S&P still bearish medium term(2 to 6 months) IMO, until it breaks the descending ress. line off the last 2 highs , its upper boli band, and the ascending wedge thats been forming with some serious volume and conviction we should head lower... below 1200.00, possibly the 1185.00 area

in the short term we have a bullish attempt here that should test key resistance and open up some good shorts, may want to hold a contract for a swing from 124000 to 120500 area(123600 to 120100/120300 in cash market)....

hit 118700 Thursday afternoon...