Comments on: SPX Chart – Technicals Weighing Heavy http://mytradersjournal.com/stock-options/2010/01/23/spx-chart-technicals-weighing-heavy/ Investing in Stocks Through Options Fri, 27 Jan 2012 21:33:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Alex Fotopoulos http://mytradersjournal.com/stock-options/2010/01/23/spx-chart-technicals-weighing-heavy/#comment-6498 Alex Fotopoulos Mon, 25 Jan 2010 16:25:22 +0000 http://mytradersjournal.com/stock-options/?p=3993#comment-6498 @ Doc - Thanks, I think the technicals are a picture of the emotional reactions of investors/traders. That's what makes trend lines work to me. Each line represents the growing emotional acceptance or denial of a stock's movement. @ Steve - I agree macro-political issues played a part in kicking off this dip, but the fundamentals are mixed. It depends what data you look at and then it always comes back to expectations of what you think will happen in the future after the data is announced. Is the theory that unemployment is a lagging indicator still valid with U6 being so bad and the prospects for increased employment slim in the near-term? @ Doc – Thanks, I think the technicals are a picture of the emotional reactions of investors/traders. That’s what makes trend lines work to me. Each line represents the growing emotional acceptance or denial of a stock’s movement.

@ Steve – I agree macro-political issues played a part in kicking off this dip, but the fundamentals are mixed. It depends what data you look at and then it always comes back to expectations of what you think will happen in the future after the data is announced. Is the theory that unemployment is a lagging indicator still valid with U6 being so bad and the prospects for increased employment slim in the near-term?

]]> By: Steve http://mytradersjournal.com/stock-options/2010/01/23/spx-chart-technicals-weighing-heavy/#comment-6496 Steve Mon, 25 Jan 2010 02:27:23 +0000 http://mytradersjournal.com/stock-options/?p=3993#comment-6496 This has been a difficult week for the markets. I hope this is just a pullback based on a couple of macro-political issues as the fundamentals are still good. This has been a difficult week for the markets. I hope this is just a pullback based on a couple of macro-political issues as the fundamentals are still good.

]]> By: Doctor Stock http://mytradersjournal.com/stock-options/2010/01/23/spx-chart-technicals-weighing-heavy/#comment-6495 Doctor Stock Sun, 24 Jan 2010 22:14:59 +0000 http://mytradersjournal.com/stock-options/?p=3993#comment-6495 Great post... but what is more important to me than the technicals now is the emotionals - how will people react? It is a key driver now in the days ahead. Great post… but what is more important to me than the technicals now is the emotionals – how will people react? It is a key driver now in the days ahead.

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