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.
Wednesday, 2 January 2013
was that it or is there more ? Looks "right shoulderish" to me but dangerous to jump the gun. Watch the 78.6 % retracement level,13407.
Yes I saw that interpretation elsewhere http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=10&dy=15&id=p96750386774&a=242964751&r=1357175928766&cmd=print (chart by Coolbizone) Todays action was crazy and I am going to wait for the dust to clear.I can't see how bullishness is justified here on fundamentals.Dax is still the key chart for me to monitor
Looks like inverse H&S was verified today.
ReplyDeleteYes I saw that interpretation elsewhere http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=10&dy=15&id=p96750386774&a=242964751&r=1357175928766&cmd=print
ReplyDelete(chart by Coolbizone) Todays action was crazy and I am going to wait for the dust to clear.I can't see how bullishness is justified here on fundamentals.Dax is still the key chart for me to monitor