Head & Shoulder Top Failure

Discussion in 'Technical Analysis' started by Roman Candle, May 4, 2009.

  1. Bears seem to be powerless. I had a feeling this pattern would fail.

    That little jam up in the last three minutes on Friday was the tip off.

    This is like 2003-2004 every night the futures float higher when the cash opens there is a small dip then it rises straight up no dips.

    I sit waiting for a dip that never happens. Then flat line till 2:00pm.
  2. ZOOOOOMMMMMMMMMM left me flat footed indeed.
    • ym.jpg
      File size:
      137 KB
  3. Possiable MACD divergence in the daily Dow. This is the kind of market were if you don't hold your nose and jump in you miss the very fast moves. The dips are getting shallow, and the rallies occur overnight and right at the open.