Strategies & Market Trends | E-Wave and TA Workspace


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To: xun who wrote (196756)3/2/2012 10:42:31 AM
From: mchjc   of 203145
 
Right, xun...Need a break above 1378 or below 1363 for the answer..

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From: mchjc3/2/2012 10:48:59 AM
   of 203145
 
SIRI extending iHS breakout of Jan....MM about 2.90...

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To: mchjc who wrote (196757)3/2/2012 11:46:45 AM
From: Shack   of 203145
 
The XLE bear wedge formed off the mid-Jan low is now at serious risk of a breakdown, would carry back $70. I doubt SPX can hold this level if this comes to pass.

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To: Shack who wrote (196759)3/2/2012 12:03:19 PM
From: mchjc   of 203145
 

Hello, darkness, my old friend...
I've come to talk with you again....LOL

Question to watch would then be whether other SPX sector heavy-weights....XLK, XLF, XLY, XLV.....none of which are in that kind of position...can trump and offset any XLE breakdown..

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To: mchjc who wrote (196760)3/2/2012 12:13:47 PM
From: Shack   of 203145
 
If that wedge on C is real, I expect its a nasty clue for the XLF.


....and don't put that morose song in my head!-g

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To: Shack who wrote (196759)3/2/2012 12:14:10 PM
From: mchjc   of 203145
 
XLE

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To: Shack who wrote (196761)3/2/2012 12:26:24 PM
From: mchjc   of 203145
 
GS... a better "clue-tell" for XLF ??


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To: mchjc who wrote (196762)3/2/2012 12:28:37 PM
From: Shack   of 203145
 
Thanks, saves me the trouble.-g

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To: Shack who wrote (196764)3/2/2012 12:42:42 PM
From: mchjc   of 203145
 
Just to recall....re this discussion....that I still have as an open possibility a significant SPX pullback here.


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To: Shack who wrote (196761)3/2/2012 12:50:50 PM
From: mchjc   of 203145
 
....and don't put that morose song in my head!-g

Sorry....seemed to fit right in with your morose postings ...LOL

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