S&P Index Chart and View

[Tubbs]

you've got lines everywhere. I don't want to be rude - I just think it's funny how there can be so many lines on a chart - it means that you're always going to be right on one of them - even just be chance!

Take no notice of me maxpain - it's none of my business.

 

[maxpain]

you've got lines everywhere. I don't want to be rude - I just think it's funny how there can be so many lines on a chart - it means that you're always going to be right on one of them - even just be chance!

Take no notice of me maxpain - it's none of my business.

Tubbs - no problem - I just try to figure out where these supports & resistances are and then suddenly you get a pattern showing what the most likely outcome will be - as long as major supports ain´t broken things go up and the opposite will happen if broken to the downside - I know there´s a lot of lines but in a chart you have many options and the big lines are those of importance. In order to see if there is a uniting point you have to do what I do. If you´re one of the MM´s who prints the original plan you don´t have to do this at all.

1217.5-1218 today and an AYH ?

 

[maxpain]

found this chart... (peeing in the pants tomorrow in Euro zone)

 

[maxpain]

refreshing an old chart - believe this is the road we are on now - also posting a new chart but they tell the same story - lot of lines nut they tell me something and they work.
- be careful
(BTW - it could be time to start looking at the XTC-companies like Vodaphone - backtest of TL at 144 -1st week of Feb. and then probably down again - adding a chart on that one)

 

[User]

Maxpain I looked at your charts and well your analysis is horendous. So many lines and so much consideration on all sorts off technicalities. Don't take offense but have you ever used a simplistic approach. But if it works for you then goodluck and carry on.

Are you an intraday trader?

 

[maxpain]

Maxpain I looked at your charts and well your analysis is horendous. So many lines and so much consideration on all sorts off technicalities. Don't take offense but have you ever used a simplistic approach. But if it works for you then goodluck and carry on.

Are you an intraday trader?

yes, some days 5-15 trades a day and only after what the chart says - you know this market is driven by the derivative industry and the MM's speak through the futures as well as in individual stocks. Understanding the language is the difficulty - skip my lines - they work if you have the whole picture - I don´t clean up the charts I post and that´s why you probably get the impression of a mess produced by a lunatic. Not so - I do what I do and present the chart (messy maybe)and a comment out from what i read in them. Haven´t the time to redraw them..
BR & GL
/maxpain

copied some spread betting here
20050103 Köpt HM5O225SHB 129 800,00 0,55 -71 191,00
20050103 Sålt AZN5F280SHB -235 000,00 0,34 78 751,00
20050103 Sålt ERI5O22UBS -100 000,00 0,16 15 901,00
20050103 Moms -10,00
20050103 Realtid_inkl_orderdjup_SAX -40,00
20050103 Köpt ERI5O22UBS 150 000,00 0,16 -24 099,00
20050110 Sålt ERI5O22UBS -50 000,00 0,14 6 901,00
20050110 Köpt AZN5O250SHB 100 000,00 0,59 -59 099,00
20050110 Sålt HM5O225SHB -129 800,00 0,57 73 887,00
20050110 Köpt ERI5O22UBS 100 000,00 0,14 -14 099,00
20050111 Sålt AZN5O250SHB -134 000,00 0,61 81 641,00
20050111 Köpt AZN5O250SHB 34 000,00 0,61 -20 839,00
20050111 Sålt ERI5O22UBS -100 000,00 0,14 13 901,00
20050112 Sålt AZN5O250SHB -225 000,00 0,66 149 401,00
20050112 Köpt HM5O225SHB 175 000,00 0,79 -138 849,00
20050112 Sålt HM5O225SHB -100 000,00 0,79 78 901,00
20050112 Köpt AZN5O250SHB 259 000,00 0,66 -169 792,00
20050113 Sålt AZN5O250SHB -41 000,00 0,66 26 961,00
20050113 Sålt HM5O225SHB -75 000,00 0,75 56 151,00
20050113 Köpt HM5B200CAR -40 000,00 1,33 -53 299,00
20050113 Köpt ERI5B19CAR 200 000,00 0,38 -76 099,00
20050113 Köpt AZN5O250SHB 7 000,00 0,63 -4 509,00
20050113 Sålt HM5B200CAR -40 000,00 1,30 51 901,00
20050114 Köpt HM5O225SHB 40 000,00 0,73 -29 299,00
20050114 Sålt VOL5C287SHB -200 000,00 0,28 55 901,00
20050114 Köpt HM5B220CAR 65 000,00 0,42 -27 399,00
20050114 Sålt ERI5B19CAR -200 000,00 0,39 77 901,00
20050114 Sålt HM5B220CAR -65 000,00 0,47 30 451,00
20050114 Köpt VOL5C287SHB 200 000,00 0,26 -52 099,00
20050117 Sålt HM5O225SHB -224 000,00 0,71 158 121,00
20050117 Köpt HM5O225SHB 184 000,00 0,71 -131 059,00
20050117 Sålt TEL5M270CAR -100 000,00 0,67 66 901,00
20050117 Köpt TEL5B250SHB 150 000,00 0,57 -85 099,00
20050117 Köpt TEL5M270CAR 100 000,00 0,62 -62 099,00
20050118 Sålt VOL5C287SHB -19 000,00 0,24 4 461,00
20050118 Sålt TEL5M270CAR -350 000,00 0,49 169 898,00
20050118 Köpt HM5O225SHB 100 000,00 0,68 -68 099,00
20050118 Sålt TEL5B250SHB -150 000,00 0,73 109 901,00
20050118 Köpt TEL5M270CAR 100 000,00 0,49 -49 099,00
20050118 Köpt TEL5M270CAR 350 000,00 0,45 -159 099,00
20050118 Köpt VOL5C287SHB 19 000,00 0,25 -4 849,00
20050119 Köpt TEL5M270CAR 367 000,00 0,45 -163 569,00
20050119 Sålt TEL5M270CAR -467 000,00 0,49 226 684,00
20050119 Sålt TEL5B250SHB -150 000,00 0,70 104 901,00
20050119 Sålt HM5O225SHB -100 000,00 0,61 60 901,00
20050119 Köpt TEL5B250SHB 330 000,00 0,71 -233 120,00
20050119 Sålt VOL5C287SHB -123 800,00 0,23 28 375,00
20050119 Köpt VOL5C287SHB 123 800,00 0,22 -27 573,00

 

[maxpain]

Just putting some petrol on the fire...

The chart I´m posting shows the overall direction as I see it (my personal view of this mess) and we will see rebounds but the direction is clear with sell signals all over the place..

Posted a Vod-chart earlier and it (as well as the rest in the sector) will retest the broken TL but not just yet - more down side on that one. NWX and XTC wasn´´t in a good mode today - nothing was..

(many lines as usual :cheesy: )

 

[JFK]

The 60's

The S&P has found support for the last two days at the same area it did on 4 consecutive days last November (8-11). Looking back it’s also the same area of resistance for March 04 & the highs after 9/11! Plus a short-lived support from July 01.

How significant would you rate this area?

 

[roguetrader]

Personally I would say it is significant to the point that one would not rush to initiate new short positions right now. By the same token given the magnitude of the selling over the last few weeks one would not want to "catch the falling knife" as it were. If I were a longer term trader I would be looking at a zone of potential support here down as far as 1140 ish, but until the market tips her hand one way or the other. Yesterdays action bothered me because the Naz showed relative weakness and since I share the view that the Naz leads, then I wouldn't read too much into yesterdays bounce without further info.

 

[maxpain]

The S&P has found support for the last two days at the same area it did on 4 consecutive days last November (8-11). Looking back it’s also the same area of resistance for March 04 & the highs after 9/11! Plus a short-lived support from July 01.

How significant would you rate this area?

I´s of significance short term so I expect some sideways actions next couple of days but the patten says down when this period is over. The index is flying up in the air with no real support beneath and should build a better and solid ground for any big move up in the future. That´s why I´m so negative at the moment. Now we talk the big indexes - I´m sure you can find sectors to go long in - just saw operators could be in an ST uptrend lasting some days maybe.
GL anyway..
Max

 

[JFK]

Back in the 60’s again!

Anybody have any ideas if it can breach this level in the current climate?