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.
Thursday, 1 September 2011
50% Midpoint from double bottom to high at 6105 is 5447. 8x1 angle down kicks in at 5445
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