Posts Tagged ‘line in the sand’
Posted by StockRake on January 14, 2009 in Technical Analysis
SPX Futures Suggest An Open Around 850 This Is Another Level
SPX futs show 854. 850.75 is the pink line I’ve set on all charts This is the last line in the sand. The fact that the market may open here takes away the move down to this level. Look for a potential rally off this price level. I do not have any index positions with …
Posted by StockRake on October 15, 2008 in Leveraged ETFs, Leveraged Funds, Market Comments, Technical Analysis, Trades
Is Today Worse Than When We Hit The Lows?
It sure sounds like it when you read the comments from this post. Its a sign that sentiment is worse. I posted earlier today that “Today’s Market Action Will Cause A Level of Apathy Not Seen Since The Great Flood” @ 12:24 pm. The COMPX was trading @ 1716 and ended @ 1633. There is …
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