Will 1340 hold?

[ammo]

there is a trendline and mp number around 1335,i think it will bounce from there,1440 to 1335 in a few weeks should be oversold

 

[JSSPMK]

Quote from ammo:

there is a trendline and mp number around 1335,i think it will bounce from there,1440 to 1335 in a few weeks should be oversold

Now THAT, was absolutely wicked! WTG Ammo. It certainly stopped there for now

 

[stock_trad3r]

nope didnt hold

 

[ammo]

Quote from JSSPMK:

Now THAT, was absolutely wicked! WTG Ammo. It certainly stopped there for now

thanx jss,hopin i wouldn't have to toot my own horn,read what www.ptv-investing.com says for jun 10

 

[piezoe]

Quote from Mvic:

Does 1340 hold or does it get taken out? Time frame: the next month.

Looks like there is either a nice W bottom pattern setting up or a head and shoulders that has to resolve lower.

 

[Aaron Copland]

Quote from scriabinop23:

You know what I think is interesting ...

Even though the market doesn't initially like ascending interest rate policy, following this past bear (2001/2002), the time they started raising signalled the beginning of a bull. (and lowering rates actually is bearish)

My gut says the rate rhetoric is in full swing right now to talk crude down more than anything else. If it comes down, I think we're holding pat for a little bit longer.

If crude falls back down to earth, who knows ... this may be a buying opp of a lifetime. Looking at some regional bank balance sheets right now and I have to say that there appears to be opportunity just as long as short int. rates don't go to 8-15%.

Crude may never fall back down. Commodity prices seem to no longer be transitory.

The message is loud and clear, WE ARE RUNNING OUT OF OIL.

 

[JSSPMK]

Quote from Aaron Copland:

Crude may never fall back down. Commodity prices seem to no longer be transitory.

The message is loud and clear, WE ARE RUNNING OUT OF OIL.

Oh yeah?

 

[Landis82]

Quote from Mvic:

Does 1340 hold or does it get taken out? Time frame: the next month.

Looks like there is either a nice W bottom pattern setting up or a head and shoulders that has to resolve lower.

First off, what is the technical significance ( if any ) about the 1340 level?

If anything, there is technical significance between 1324-1326.
After that, 1312.

1340 is meaningless.

 

[ttowntrader]

support at 1340?? nope