Dow Head & Shoulder set up

Discussion in 'Technical Analysis' started by myminitrading, May 27, 2006.

  1. Hi humble, thanks for the charts.

    I have a question. Do you ever look at what the YM does? Yesterday it bounced off 11200 and I was wondering if that affects your analisys in any way.

    :)
     
    #31     Jun 22, 2006
  2. humble1

    humble1

    Measurments and target pertain only to the DIA chart I am posting. Futures will have different numbers, but the same scenario.

    Today's low on the DIA is a point of interest. If it fails to hold, stops are likely to trigger and selling resume to 109 or even the gap near 108 and lower as another HnS triggers.
     
    #32     Jun 22, 2006
  3. humble1

    humble1

    YM chart here. A nice move is in the works. UP or down.
     
    #33     Jun 27, 2006