Tuesday, November 24, 2009

Support levels

Chart from Danerics public pages

Shows support levels on the SPX

Jay

6 comments:

  1. Activity index at 2;30 has dropped from 333 to 233 with a 30 min delay

    Jay

    ReplyDelete
  2. since the high hit at 10am Mlonday we can now see 6.5 hours later at 10:15am low= maybe wave a

    b wave this afternoon at 3pm, and
    c wave tomrrow at 10am @ 180 bars

    just making suggestions about how the day should flow

    Jay

    ReplyDelete
  3. Looks to me like 3pm started the
    'c' wave which should end tomorrow at 10am

    new home sales report tomrrow??

    Jay

    ReplyDelete
  4. Jay,
    Where do u see wave c ending in price tomorrow at 10 am?
    thanks

    ReplyDelete
  5. Djamel
    I dont answer that kind of question

    I use TIME. not price

    thats why I posted Danerics chart that has several FIBO price levels
    to watch

    Please Use the chart

    and besides that, IT really matters NOT unless yuor scalping trades and bot short at 10am on Monday

    the BIG $ on the short side is going to be on NOV 30/ Dec1st.

    And as I have already written
    the BEST short opp will occur on FRIDAY at the open.

    more later
    Jay

    ReplyDelete