Dow Head & Shoulder Top 7-2-09

Discussion in 'Technical Analysis' started by Roman Candle, Jul 2, 2009.

  1. Nice formation, would like to see a drop to 7800 or so. This would set the weekly up for a nice inverse head & shoulder formation.


    What I want and what I may get may be two different things. I just hope the fed and goverment stay out of the way, no suprise announcmenst from fed officals, just STFU and keep out of the way.
     
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  2. Weekly
     
  3. toc

    toc

    looks like it, should be a good short trade

    :D
     
  4. German DAX sports the same.
     
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  5. FTSE 100 no H&S formation
     
  6. CAC40
     
  7. dozu888

    dozu888

    1 idiot's H&S is another's bull flag.

    cheers.
     
  8. Bootsie

    Bootsie

    I agree... the problem is that everyone and their brother is looking at this H&S formation. So, the market will make the most obvious move but in an unobvious way.

    B
     
  9. Roman Candle is another Port1385 alias.
     
  10. It's a pattern, play it how you see fit. I have no idea what will happen, and really don't care.
     
    #10     Jul 3, 2009