It really looks like a challenge to take out that 1101.26 Head.
I',m trying to think of something that will bring this market
down. At the moment, nothing.
$SPX .886 fib is 1093.15 but it looks to me like we will see new
highs in this index. Then again who knows. No triggers to go short
yet, though who knows in the next hour.
I've just been looking at 60min charts for ETF's SSG, FAZ, SRS
and QID and they all have one thing in common. They have all broken
necklines of H&S and have lower targets. Another upside day of
around 50% of what we have seen today may allow these targets to be
achieved. That would have the SPX putting in a double top maybe?
Need to see some serious divergence though!
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$SPX 15 min Nov 9
Posted by bboylan on 9th of Nov 2009 at 02:54 pm
Are we there yet ??????
Are we there yet?
Posted by panaspor on 9th of Nov 2009 at 03:04 pm
It really looks like a challenge to take out that 1101.26 Head. I',m trying to think of something that will bring this market down. At the moment, nothing.
I tried that on my Dow chart ..
Posted by saturn6 on 9th of Nov 2009 at 03:01 pm
but we seem to have ignored the target thus far. 'Bewildered'
SPX not done yet
Posted by perthx on 9th of Nov 2009 at 02:59 pm
$SPX .886 fib is 1093.15 but it looks to me like we will see new highs in this index. Then again who knows. No triggers to go short yet, though who knows in the next hour.
I've just been looking at
Posted by phillw on 9th of Nov 2009 at 03:07 pm
I've just been looking at 60min charts for ETF's SSG, FAZ, SRS and QID and they all have one thing in common. They have all broken necklines of H&S and have lower targets. Another upside day of around 50% of what we have seen today may allow these targets to be achieved. That would have the SPX putting in a double top maybe? Need to see some serious divergence though!