50% Midpoint from double bottom to high at 6105 is 5447. 8x1 angle down kicks in at 5445
Thursday, 1 September 2011
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This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Looks like very solid support at 4800. Perhaps the neckline for a potential long term head and shoulders?
ReplyDeleteShorter term, the USD is making a third attempt at the 74.60 level after putting in 3 attempts lower in the 73.60 area.
ReplyDeletehttp://img192.imageshack.us/img192/6846/spxxeu.jpg
ReplyDelete