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It does appear that the OEX has been acting bullish by
first finding resistance at the heavy planet lines and then support. On
Wednesday the OEX rallied strongly at the Mercury conjunction Jupiter 0 degrees
following the Sun square Uranus on Tuesday. On Wednesday it also broke
through Saturn and perhaps now will find support 656.75 if it pulls back on
Thursday. On March 21st Mercury square Jupiter 90 degrees was the Low
followed by the Low retest at 4/4 Jupiter line.More importantly Wednesday's
resistance was at the Uranus Price line which is one of those heavy duty
sympathetic barriers. If the trend mode has switched to bullish
then a move above 665 may then ratchet up the support level. If it breaks
through then Neptune is just overhead at 680, still a nice move and that would
also move the OEX across the primary sun/earthline(bright green) which has
bullish implications.
bobr
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:aspectpilot@xxxxxxxxxxxxx"
title=aspectpilot@xxxxxxxxxxxxx>Rory M Lewellen
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, May 16, 2001 9:01
PM
Subject: [RT] Gen: SPM & Mars
RealTraders,
That third harmonic (120 degree)
mirror
Mars line was "respected" this day
by
the June SP contract.
Not saying it will hold
tomorrow.
RoryTo
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Attachment:
Description: "OEX ASTRO.gif"
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