Nice head and shoulders on the S&P

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Nice head and shoulders on the S&P

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All Forums >> [Market Talk] >> Technical Analysis >> Nice head and shoulders on the S&P

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Nice head and shoulders on the S&P - 7/10/2009 10:13:46 AM

grifter

Posts: 991
Joined: 1/1/2000
Status: offline

http://stockcharts.com/h-sc/ui?s=spy

Decreasing volume. We might get a bounce up to 900 or so, but if it fails to break the neckline on the upsde, down it goes and we'll retest the lows of March.

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"As mortgages continue to reset, this will take time to work its way through the system," he explained. "But I continue to believe that this risk is largely contained. It doesn't pose a significant risk to the economy overall."
Hank Paulson 6/20/2007