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kick the door down of 288, then onto 291 (minor resistance then clear all way to 304, fingers crossed SPX comes out of the traps blazing at 230pm ))
Fascinating really how we have utilized computers since the early days. I shall follow your reports with interest.
"fingers crossed SPX comes out of the traps blazing at 230pm"
Unfortunately thus far it has done the reverse. Any thoughts as to why?
@red take my posts like the kiss of death, as soon as i open my mouth well....ha seriously its just screen time, put in the hours looking at charts you just spot the patterns.
288 was tough with not much volume but we have 50MA support as 282 so it could bounce off the 50 and carry on up, or we may just trend side ways.
@Red SPX has risen a bit the last few days so its just consolidating by looks of it, i dont keep up with the US news that much and really should, i dont think any big news for today i was more hoping that it would follow the FTSE gains..
'Unfortunately thus far it has done the reverse. Any thoughts as to why?'
Because it's complete and utter nonsense. It might go up, it might go down, it might stay the same. There's EVERY chartist right there. Oh look, Venus is in a reverse cosmic cowgirl, clear run to £3.26, until it isn't and then it's not clear any more and the chart said it will go down again. Oh look, an RNS with some news that can be valued by the market, the price has done something completely different, wait 15 minutes while I adjust the technicals (make the current price fit my narrative retrospectively and then 'predict' another move that won't happen and then claim it's not the chart's fault).
All the best
"@red take my posts like the kiss of death"
Not at all we shall see what transpires.
As Tygra has just proved. Always someone here "ready to put the boot in"
You have taken time to share your thoughts newdealz and I for one appreciate the effort.
@Tygra - feel better now you've got that off your chest? made a loss today or just feel like being nasty for hell of it? lolz
Plenty of negative news from Ukraine today unfortunately newdealz. Indeed it's a wonder anyone bothers with anything when we are bombardedwith so much bad news generally.
On the other hand a drop in the SP is so insignificant compared with the devastation caused by other events.
@Red definitely think myself lucky, i have switched off from the MSM for today will have a catch up tonight, sometimes bad news can be a blessing, to get this war finished hopefully. our previous resistance of 282 is now support, today is very slow across the whole market, no big movers or shakers in my watch list.
Good to hear and hope your luck holds.
As usual the SP needs all the support it can get. Takes a lot for me to get despondent though. I'm far from that point thankfully.
Good to hear and hope your luck holds.
As usual the SP needs all the support it can get. Takes a lot for me to get despondent though. I'm far from that point thankfully.
Didn't really need repeating :-))