Looking more and more like we're hitting a temporary bottom and we might rally from here (at least until mid-January). Going through the charts of MS, GS, C, SPX, NDX among others and I'm more convinced that we might be moving up from here.
I think short term trading is the name of the game right now, banks' technical analysts are warning of a H&S (everybody sees it), will there be a rally or not? ImO it's a 50/50.
Nice spot DsQ- Head & Shoulder BOTTOM in actually on NAZ & S&P too! It's nice to look at the futures and call a santa rally but it is so much more impressive I think to have called this rally to the day ON THANKSGIVING!!!! As the team here at stonedinvesting did. Not only that, we have given you all a boatload of great new plays ready to work for this special time. What more could you ask for... oh yea peace to the world and all that... ~ stoney
"Nice spot DsQ-" funny, i was quickly glancing thru the LA times or wall st journal business section the other day and they always have a 3month(?) graph of the dow on their roundup page...its a very plain bar graph but its the best one ive seen...the hs bottom formation just jumped out at me....