SPX Levels and Channel

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December 19, 2008

This is my interpretation of the daily SPX situation:
spxlevels1

This is the roadmap that the SPX has followed on a weekly channel since the beginning of this bear market which was initiated within October 2007.
minichannelnew


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  • http://www.stockrake.com StockRake

    We got the 10 pt drop in the SPX, I expected more than this on an intraday basis.

    I bought SKF, SMN, TZA, TSL, FAZ

    Sold APA and TASR for breakeven.

  • http://www.stockrake.com Sensei

    Out of everything…all inverse related stuff with profits.

  • http://www.stockrake.com StockRake

    We got the 10 pt drop in the SPX, I expected more than this on an intraday basis.

    I bought SKF, SMN, TZA, TSL, FAZ

    Sold APA and TASR for breakeven.