Posted by fkarlson on 16th of Jul 2009 at 12:29 pm
I understand your answer about fundamentals, but do not for one
minute think any of us are ignoring fundamentals.
The two H & S patterns that I mentioned are technical
analysis and have been supported here for quite some time. Does a
short bull run to the height of a second right shoulder on the
current pattern cause us to drop entirely the probablility that
these two H & S patterns will fail? If so, why? Are we that
convinced of our EW reading? I remain more cautious and somewhat
sceptical about the newer near-term bullish reading. That is all I
am trying to say.
I understand your answer about
SPX chart from jtverr on blog
Posted by fkarlson on 16th of Jul 2009 at 12:29 pm
I understand your answer about fundamentals, but do not for one minute think any of us are ignoring fundamentals.
The two H & S patterns that I mentioned are technical analysis and have been supported here for quite some time. Does a short bull run to the height of a second right shoulder on the current pattern cause us to drop entirely the probablility that these two H & S patterns will fail? If so, why? Are we that convinced of our EW reading? I remain more cautious and somewhat sceptical about the newer near-term bullish reading. That is all I am trying to say.
I have answered your question
Posted by steve on 16th of Jul 2009 at 12:32 pm
I have answered your question below - PLEASE READ. Also check your inbox. There is nothing wrong with taking your view - just trade it accordingly.