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Page 12

Monday S&P WATCH.. Major RESISTANCE approaching

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Calibob
User ID: 475505
United States
3/2/2009 2:34 PM

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Monday S&P WATCH.. Major RESISTANCE approaching
Quote

As of now - 2:30 pm EST the S&P is at 707.30

There is a major TREND LINE on the S&P at 700 going all the way back to the 1980's. If it breaks through this 700 level there is truly no telling where it will stop.
Calibob
User ID: 475505
United States
3/2/2009 2:55 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

After a brief rally up to 718...

Hre we are again on the way down again.

707 currently.
Calibob
User ID: 475505
United States
3/2/2009 3:05 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

704.....
Anonymous Coward
User ID: 626394
Canada
3/2/2009 3:06 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

703

:DOOMCON:
Anonymous Coward
User ID: 434860
United States
3/2/2009 3:11 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

trend-lines don't mean JACK anymore, this is NOT an orderly collapse, nothing like this has EVER happened
Calibob
User ID: 475505
United States
3/2/2009 3:19 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

703...
Calibob
User ID: 475505
United States
3/2/2009 3:21 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

702...

You can dismiss trend lines if you like but the fact remains that many large scale investment funds use them. Which means when a significant resistance like this is broken it is a race for the exit.
Calibob
User ID: 475505
United States
3/2/2009 3:26 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

701...
Anonymous Coward
User ID: 626601
United States
3/2/2009 3:26 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

702...

You can dismiss trend lines if you like but the fact remains that many large scale investment funds use them. Which means when a significant resistance like this is broken it is a race for the exit.
 Quoting: Calibob

If it closes below 700 then doomcon must be raised to level doomcon-4. The GLP effect will create a huge rally soon after.
Anonymous Coward
User ID: 626601
United States
3/2/2009 3:29 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

Prepare for bounce, then plummet downward in the final 15 minutes.
Anonymous Coward
User ID: 568981
United States
3/2/2009 3:29 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

IF we close a point above or below 700, will futures tonight be critical?
Stop Loss?
PatrikC325
User ID: 587344
United States
3/2/2009 3:29 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

Hangin around 703
Calibob
User ID: 475505
United States
3/2/2009 3:34 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

They've protected this line very strongly. It hovered at 701, now is back to 706.
Calibob
User ID: 475505
United States
3/2/2009 3:34 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

IF we close a point above or below 700, will futures tonight be critical?
Stop Loss?
 Quoting: Anonymous Coward 568981


Yes absolutely.
Calibob
User ID: 475505
United States
3/2/2009 3:41 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

Here is something from October when the S&P was tanking...

--The monthly trend line going back to the 1930s. Stocks have given back more than 85 percent of their bull market gains, above the average give-back of 62 percent. In the five times that's happened, stocks gave back 110 percent of their gains, which equates to the 700 level on the S&P 500, or an additional drop of 20 percent, says S&P strategist Sam Stovall. And 700 would bring stocks back to the monthly trend line dating back to the 1932 low.
Calibob
User ID: 475505
United States
3/2/2009 3:43 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

And for those that want to just ignore trend lines... The last major trend line we faced on the DOW was 7400-7500. The was called "The Big Line in the Sand" by Price Headley (bigtrends.com). That level was first tested in September of 1998.

Has anyone noticed how once we passed throygh that "line", it has been a free fall without any rally.
Calibob
User ID: 475505
United States
3/2/2009 3:44 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

BOOOOOM


699!
Anonymous Coward
User ID: 568981
United States
3/2/2009 3:44 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

699 for a moment
Anonymous Coward
User ID: 473557
United States
3/2/2009 3:44 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

It is now down to 699.....


DOOM....
Calibob
User ID: 475505
United States
3/2/2009 3:46 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

It broke support for all of about 30 seconds. These last 15 minutes are critical.
Anonymous Coward
User ID: 473557
United States
3/2/2009 3:48 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

Wow... They threw a ton of money at the market to pull it back up over SP 700.

One thing ... Overseas markets will be selling US stocks overnight and the futures will show it. Then we will open sharply lower in the morning.

They can keep supporting 700 today but it will fail badly tomorrow......jmo


.
Anonymous Coward
User ID: 442346
United States
3/2/2009 3:49 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

700.23
Which way will it go?
Calibob
User ID: 475505
United States
3/2/2009 3:50 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

699.99 again....

So important where it closes today.
Anonymous Coward
User ID: 434860
United States
3/2/2009 3:51 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

700.23
Which way will it go?
 Quoting: Anonymous Coward 442346

it's done.....time to bug-out!
Anonymous Coward
User ID: 442346
United States
3/2/2009 3:51 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

I hear creaking..and splitting...looks like 700 may not hold for long...
PatrikC325
User ID: 587344
United States
3/2/2009 3:52 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

700.82 now
PatrikC325
User ID: 587344
United States
3/2/2009 3:52 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

700.82 now
Anonymous Coward
User ID: 428255
Bulgaria
3/2/2009 3:53 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

Wow... They threw a ton of money at the market to pull it back up over SP 700.

One thing ... Overseas markets will be selling US stocks overnight and the futures will show it. Then we will open sharply lower in the morning.

They can keep supporting 700 today but it will fail badly tomorrow......jmo


.
 Quoting: Anonymous Coward 473557

Yup. But they are not normal, thinking people and live in their own, artifical reality.
Hiram Abiff
User ID: 626490
United States
3/2/2009 3:54 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

S&P 500 699.99 -35.10 -4.77% briefly.
[link to www.iamgalt.com]
Anonymous Coward
User ID: 442346
United States
3/2/2009 3:55 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

700.93
Anonymous Coward
User ID: 442346
United States
3/2/2009 4:02 PM
Re: Monday S&P WATCH.. Major RESISTANCE approachingQuote

700.85
Page 12
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