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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.

Sunday, March 29, 2009

S&P 500 2007-2009

If you can't see the pattern of the last 4 posts for yourself make a comment and I'll try to draw you a crayola picture of what to expect in the next month.

Here's a hint:

Near-term month: cautiously long looking for an exit or to -

get good short entry for eventual short-term test of 666 recent lows (which will hold and probably not be seen again)...

Then and only after the test of the lows bounce commences - get long and strong.....

There's the playbook-now go out and execute.....


Fibonacci lines drawn from top and 3 months prior low...



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

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