Daily chart SP500 Inverse Head & Shoulder

You must wait for the break of the neck line at 1000. It may fail and we may make a lower low.

 

Daily chart

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2164396>

 

Here is a possible scenario similar to the 2002-2003 bottom, a very large reversal pattern.

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2165497 width=800>

 

Due to the seasonal factor I'm inclined to go with something like this.

As we all know anything can and will happen.

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2165498 width=800>

 

2003 bottom SP500 cash index

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2165506>

 

Dow mini futures Sunday evening 11-09-08 , I have a target of 10500 by Christmas for the Dow.

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2168576 width=800>