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Here is another way to look at the SPX as well - I show an Inverse HS. Simply put, respect a clear break of the triangle.
good point....seems more likely given the pumpers are alive and well....though I'd say the inverse h&s looks much more sloppy vs the h&s which looks very clean....
you can say the same case in the chart for a head and shoulders that it made at 1189 so until a clear break out or down no one knows.
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Market Guy
Posted by steve on 29th of Oct 2010 at 12:26 pm
Here is another way to look at the SPX as well - I show an Inverse HS. Simply put, respect a clear break of the triangle.
good point....seems more likely given
Posted by marketguy on 29th of Oct 2010 at 12:29 pm
good point....seems more likely given the pumpers are alive and well....though I'd say the inverse h&s looks much more sloppy vs the h&s which looks very clean....
you can say the same
Posted by rkelman on 29th of Oct 2010 at 12:58 pm
you can say the same case in the chart for a head and shoulders that it made at 1189 so until a clear break out or down no one knows.