You all saw that chart many times, nothing from the past is removed (except for some not anymore needed drawings), just new drawings are being added as time passes by.
/ES S&P500 Index Futures Roadblocks
I’d expect SPX to be at 847 level by next Tuesday July 14th IF if will fail to close inside prior (invalidated as of today un-perfected daily buy signal during ongoing weekly perfected sell setup) risk zone.
That “yellow circle” which was on this chart for almost 2 weeks – this is where we are now. Check.
Not advocating that “TA RULES!!!”, just saying that there are some people who don’t know how to use it.
P.S. I do a lot of INTRADAY posting on DISQUS – shall anyone care for such things as calling top in OIL on June 11th 2009 or “Short GS at 149-150 on June 29th 2009 – you are welcome to subscribe. (Surely you will have to deal with some “noise” – I have lots of friends :)
P.P.S. Do everyone a favor – send Dennis Kneale email and express your deepest sympathy – that is how we treat “special” people (instead of telling them the truth), it surely not fault of his, he was just born that way.
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