Feb. 12.09 :: Dow Off Nearly 250pts, Big Rally Saves Day

[FreeTradingVideos]

I love HAMMER TIME!

[mistapikkles]

This was a BS hammer. Against all odds= BS press release about the USG paying off houses.

[Jegejig]

Looking at a 4 month/daily chart of the SPX:

Bullish MACD divergence near zero.

Hammer that still closed below the 8ema and 50s sma.

Watching the +1.618 at 852.43

as possible resistance (from yesterday's high and low)

[Jegejig]

It looks like SPX may be going for a sideway movement (until it reaches the red descending trendline).

WHEN it hits the red descending trendline then we'll have to see if

it breaksout

or

fails to break out

of the red descending trendline.

These are resistance areas that I'm looking at:

918.85

877.86

851.35

[Jegejig]

Just to clarify:

The red descending trendline I was referring to is in my annotation.

February 20

918.85 (yellow horizontal trendline)

red descending trendline

seems to be the coordinates.

:)

[mehrbodd]

how come you are so bullish!!!

this is a bearish formation ,very soon we are going to break the support line in S&P500.

[maximumvalues]

this is the fourth hammer that will fail to produce a rally in this bear market

[maximumvalues]

thanks for the great Videos.

we will get over 840 bcs this is OPTIONS EX manipulation. this money will be unwound in a hurry right after OPEX.

[zozo71zozo71]

Dragonfly Doji !! at djia

its bulish

candlestick. co.  il/content/view/161/185/

[zozo71zozo71]

try 1

[12blueeyes]

Nice video, thanks for the information. I don't miss a day.

[InterSmells]

PPT!!!

[maximumvalues]

you bet it was...opex coming up