hiker
TW Member
Registered: 12/01/04
Posts: 8,716
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hiker
TW Member
Registered: 12/01/04
Posts: 8,716
|
| | 10/10/09 at 06:42 AM | Reply with quote | #2 |
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Oct 9
BKX weekly and monthly charts:
* BKX $44.75 is the horizontal breakout price level from 1996
* the late 2008 to 2009 trading range is marked on both charts, and the price action remains range-bound .... $46.52 is the lower boundary of this range, and may be useful for monitoring forward price action
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hiker
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Registered: 12/01/04
Posts: 8,716
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| | 10/10/09 at 06:57 AM | Reply with quote | #3 |
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Oct 9
Regional Bank Holders monthly chart:
* prior major monthly price closes are marked with horizontal lines
$82.85 is now RKH resistance, from the standpoint of a prior monthly close low that once represented support which has since failed to act as support
* USB, US Bank, is a major component of RKH
in 2009, USB has gained 194% since its major swing low, while BKX has gained 175% since the major low (range to the recent swing highs for USB and BKX) .... USB reports earnings on Oct. 21
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hiker
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Registered: 12/01/04
Posts: 8,716
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| | 10/10/09 at 07:29 AM | Reply with quote | #4 |
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Oct 9
USB monthly
US Bank reports Oct 21
$22.43 represents nearby major horizontal support
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hiker
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Registered: 12/01/04
Posts: 8,716
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| | 10/14/09 at 07:23 PM | Reply with quote | #5 |
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Oct 14
daily NYAD, with 8-day moving average of NYAD:
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hiker
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Registered: 12/01/04
Posts: 8,716
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| | 10/15/09 at 06:36 PM | Reply with quote | #6 |
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Oct 15
cumulative NYAD chart .. with daily closes for selected market averages:
* SPX tests $1093 major horizontal
* will XLF eventually be able to rise to the $16.80 major horizontal resistance (now failed support), long established as prior intraday and closing-basis support since before the Oct/Nov 2008 "crash"?
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