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SPDR S&P 500 ETF Message Board

  • embitteredtroll embitteredtroll Nov 17, 2012 6:34 PM Flag

    After much thought, the choices are a) bottom in, b) drop to June low, c) 126, d) 117

    or course there is no e) unless full blown bear with NO BOTTOM to speak of

    The reasoning is the OCT low trap door fans. Friday LOD was a bounce off the "3'rd fan" of that.
    The origen of the OCT trap door fans is the 110.24 low . That line, the 110.24 low prior to the OCT low
    to Fridays LOD is THE line to watch. Below that is a drop to test the virtuals of the trap door fans,
    which are the 1'st fans corresponmding to the other numbers listed. The JUne low doesn't actually figure into those fans, but is a big number

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205.37-2.08(-1.00%)2:24 PMEDT