Inverse H&S

    Posted by matt on 2nd of Dec 2008 at 04:15 pm

    I'm seeing a possible bullish inverse H&S pattern on the SPX and Dow, I'll have to look at things in more detail tonight, but honestly this market is exhausting lately

    S&P 500 30 min dynamic

     

    I can see either an inverse H&S starting from Nov 13th, or a bearish H&S starting from the 24th? 

     

    Wednesday will likely be a telling day

    We could also be still

    Posted by finam on 2nd of Dec 2008 at 05:06 pm

    We could also be still in the 3 Rd leg down  (If you look at the daily charts)

    Hope you are feeling better.  Fina

    S&P 500 30 min chart.png here's

    Posted by matt on 2nd of Dec 2008 at 05:09 pm
    S&P 500 30 min chart.png

    here's another chart, you can see both scenarios here

    as far as feeling better, not really.  I might have to make an appointment with the doctor if I don't start improving Frown

    Matt .. Take some of

    Posted by cspirit on 2nd of Dec 2008 at 06:27 pm

    Matt .. Take some of Grandpa's Cough "Special Proof Bottle Brew" ..  Works everytime my friend Laughing

    I can see either an

    Posted by matt on 2nd of Dec 2008 at 04:45 pm

    I can see either an inverse H&S starting from Nov 13th, or a bearish H&S starting from the 24th? 

     

    Wednesday will likely be a telling day

    If the SPX is forming

    Posted by amp43679 on 2nd of Dec 2008 at 04:28 pm

    If the SPX is forming an inverse H&S formation, would the measured target be ~1150?

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