Market Poll March 21-24

**Rolo** · 03-21-2005, 03:55 AM

How will this week close? (Thursday's close vs. Monday's open)

**Rolo** · 03-22-2005, 03:45 AM

Not one super-optimist, heh.

**tsptalk** · 03-22-2005, 06:00 AM

At least we are all on the same page, NOT.

**Spaf** · 03-22-2005, 06:12 AM

Protecting your principal comes first!

Don't let a large profit turn into a small profit!

Don't let a small profit turn into a loss!

And for sure, don't let a small loss turn into a large loss!

Rgds!

Spaf

**The_Technician** · 03-22-2005, 02:53 PM

Hi all,

Yeah I'm a new guy on the board......but I hope to be of some help.

I'm looking for some more drop in the market....my first point of interest is around 1170 on S&P....then I'll take another look at it for a short term riser....and then we will see what happens...I don't see great profit reports coming in from corps for a while....they just about siphoned all they can out of the general public for a while....

I'd say the likelyhood that the market will knife edge down has risen some....right at the moment I don't think I will be putting all my eggs in one basket when the time comes.

The Technician.

03-22-2005, 06:10 PM

The S&P looks like we are on the downside of a classic "Head and Shoulders" pattern. I don't think it will reach the March 7th high again this year. It will be at 1145 by mid April.

Dave M · 03-22-2005, 09:21 PM

I was one of the two optimists who thought higher. Then Sundaynight/Monday morningmy spidey sense began tinglingas I read thenewsabout higher oil futures/inflation fears/Fed's plans. Late Monday morning I put in my sell order, went back to the safety zone -- G fund.

I voted my sentiments or wishes but once the news had solidifiedI did the opposite with my cash. So I have changed my vote above.

Dave

**cowboy** · 03-23-2005, 12:08 AM

LoL! I want to change my vote too, since I didn't vote I am going to say higher because hopefully after today it rebounds.

**Spaf** · 03-23-2005, 01:02 AM

Head and Shoulder

http://www.incrediblecharts.com/tech..._shoulders.htm

Spaf

**Rolo** · 03-23-2005, 01:32 AM

Naw, even if you go for the left shoulder, the right one would have had to have been in a serious car accident or something, heh. It's fallen too far too fast to be a shoulder.

**Skip** · 03-23-2005, 02:21 AM

Look at a weekly chart and you will see a double top.... It helps to look at different time periods ... since we take a day or 2 to trade the weekly charts will be of help to ya...

Just a couple of points off of 1166 suport if"when" it brakes that the next support

is the 1130 level its got major support there for sure.... all the way back to Sept-nov 1 levels... took forever to get over that hump....

Don't be in a hurry , wait and trade the markets... don't go against them...

Skip