Dow Head & Shoulder Top 7-2-09

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.

 

Weekly

 

looks like it, should be a good short trade

 

German DAX sports the same.

 

FTSE 100 no H&S formation

 

CAC40

 

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

cheers.

 

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

 

Roman Candle is another Port1385 alias.

 

It's a pattern, play it how you see fit. I have no idea what will happen, and really don't care.