Wednesday, February 4, 2009

SPX


I use this chart of the SPX today for all to keep an eye on the levels I watch. Keep an eye on the major numbers 45,90,180,270,360,540 from a square. Also I look at the highs and lows of the previous week and month. A recature and hold of the 854 spx looks to 913 and I believe a date with the 944 time and price square out.

With the big dogs leading (xom,rimm,aapl,gs, amzn) there seems to be money going to work. The XOM chart shows a possible rule of 4 breakout. I'm long USO and ith xom breaks out we could see a cycle change under way in energy. We will see and Mr. Market tells us such. Hit em Hard
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