Here is an illustration of what I discussed below.....should the
SPX attempt to bounce here watch to see if it finds resistance back
around the primary pivot. Not sure if it has yet established the
proposed neckline below near the S1 area. Maybe get a push back up
into the European close.
A mega-phone bear flag...wouldn't that be extra bearish?
Or is would it be a double negative and therefore a
positive....uuuggghhh I'll just wait for the market to tell me!
SPX 5
Posted by steve on 24th of Jun 2011 at 11:23 am
$SPX
Here is an illustration of what I discussed below.....should the SPX attempt to bounce here watch to see if it finds resistance back around the primary pivot. Not sure if it has yet established the proposed neckline below near the S1 area. Maybe get a push back up into the European close.
needs to start moving to
Posted by frtaylor on 24th of Jun 2011 at 11:36 am
needs to start moving to the upside soon, else it's beginning to look like a bear flag.
A mega-phone bear flag...wouldn't that
Posted by oops1e on 24th of Jun 2011 at 03:46 pm
A mega-phone bear flag...wouldn't that be extra bearish? Or is would it be a double negative and therefore a positive....uuuggghhh I'll just wait for the market to tell me!
It's all bullish dude, war,
Posted by steveo on 25th of Jun 2011 at 10:21 pm
It's all bullish dude, war, nuclear disasters, elimination of the rule of law, all bullish, well, until it isn't. Ouch!