Wednesday, January 21, 2009

SPX - Inaugural Smackdown



Last Wednesday's break of validated support was retested on Friday, failed, and we got the sharp selloff yesterday, which closed below early December 815-818 horizontal support, and last Thursday's 817 low.
at

4 comments:

  1. markJanuary 23, 2009 at 11:21 AM

    Looks like the SLV is getting ready to breakout per your post of a few days ago.

    ReplyDelete
  2. Melf ElfJanuary 23, 2009 at 11:59 AM

    Hi, Mark,

    Yup. I just bought it at 11.53.

    ReplyDelete
  3. markJanuary 23, 2009 at 12:33 PM

    I was busy but got in at 11.71 thanks for your post.

    ReplyDelete
  4. Melf ElfJanuary 23, 2009 at 4:02 PM

    Mark,

    The breakout looks pretty decent. Average 100 Day volume is 6.8 million shares. We traded 16.6 million, so that's better than 2X average.

    Good luck to us ;)

    ReplyDelete