Magic numbers

Discussion in 'Trading' started by thehangingman, Jan 3, 2007.

  1. 1825=Resistance for NDX
    1431=Resistance for SPX
  2. Third pivot?
  3. 57.05 is magic floor for oil
  4. Oil now below floor. Only thing that will save it is inventory report otherwise go much lower.

    SPX now below floor at 1414 and will sell off much further. Downtrend established.

    NDX holding up, but will follow SPX.

    Russell 2000 and S&P small caps breaking down, downtrend established.

    DJIA tracking along with SPX, downtrend will establish itself soon.