Daily chart SP500 Inverse Head & Shoulder

Discussion in 'Technical Analysis' started by Aaron Copland, Nov 6, 2008.

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

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2164396>
  3. 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>
  4. 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>
  5. 2003 bottom SP500 cash index

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2165506>
  6. 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>