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    Posted December 8, 2011 by
    ronjaenisch
     
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    S&P getting ready to move

    By ronjaenisch  |  Posted December 8, 2011  
     

    In the above S&P chart you can clearly see the upper down sloping line that has been giving the market resistance as it goes up. You can also see the lower down sloping line that the market has broken through. And of coures there is the AndrewsCourse line set sloping up.

     

    Research at Andrewscourse has found that prices typically respond yo lines in a regular fashion. This gives one the ability to find reversal points with high probability.


    The area marked #2 and #3 are the area's where more attention needs to be given to the market patterns. During this type of in between time period a lot of volitility is normal.

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