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SPX Heading for Multi-Angle Point?

May 8th, 2008 by AndyAskey

I changed the longer term SPX chart I have shown before to a weekly chart for clarity. The 1440 level hosts a merger of three angles that may draw price up. It looks to be about three weeks away so we could visit the 1:1 ascending Gann angle from the Oct-Mar range shown yesterday which is near SPX 1375.

SPX Merging to Gann Angles
Chart courtesy of Stockcharts.com

Price was a non-event today as it didn’t go anywhere and it didn’t have any enthusiasm not getting there.

Also, a couple admin issues:

  • I renamed the “Subscriber Area” menu to “Premium Content”. Nothing has changed but the name.
  • I added the blog to Feedburner and the RSS link now will provide more options for adding a feed.
  • I removed the square root calculate from the right side. I plan to make a page dedicated to those types of tools when I get time. Don’t hold your breadth on that one…

Let me know if you have any problems with the RSS feed.

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