Comments on: Charts: DGP, PWE, SPX (S&P 500 Index) https://phantasmix.com/charts-dgp-pwe-spx-sp-500-index/ Stock Market and Personal Finance Sun, 03 Mar 2013 17:42:45 +0000 hourly 1 https://wordpress.org/?v=6.8.1 By: Phantasmix https://phantasmix.com/charts-dgp-pwe-spx-sp-500-index/comment-page-1/#comment-3665 Thu, 08 Jan 2009 13:20:39 +0000 http://www.phantasmix.com/?p=1687#comment-3665 Hi HC,
looking at the futures now and I’m scared. It’s been awhile since we had -10 on SPX in premarket.

Obviously, I regret buying the calls, but since they are Feb., I’ll stick with them for now, as I think I may have a better chance to get out. Besides, I’m still net short.

The chart above DOES look like what IBD says. However, note that the previous low was higher, so hopefully we’ll just go to 888, and not 850 or below.

Have a good day.

]]> By: headlinecharts https://phantasmix.com/charts-dgp-pwe-spx-sp-500-index/comment-page-1/#comment-3664 Thu, 08 Jan 2009 13:14:08 +0000 http://www.phantasmix.com/?p=1687#comment-3664 Hi, I’m getting a little paranoid too. IBD mentioned today that the market has a pattern of breaking slightly above resistance then failing. But the market was overbought and seems like it needs to consolidate a lot of the gains off the lows.

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