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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Friday, February 6, 2009

ProphetCharts: $SPX


Most interestng is this 90 day Fibonacci shown on a 9 month daily:

Fairly easy to see the range as 740 - 952...which we are currently at the botomside of the 50% retracement...

But notice yet another descending triangle formation...

Let's blow this up and see what it looks like on a 2 yr....

NEXT..

For the Web's best interactive charts, please visit http://www.Prophet.Net
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