SPY, head and shoulder?

Discussion in 'Stocks' started by freewilly, Jan 15, 2008.

  1. Thoughts?
     
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  2. Insufficient volume at the tops (IMHO)
     
  3. The entire move since mid-August could be the "head". If so, there could be a big rally pending to trace out the "right shoulder". We'll see.
     
  4. So a ralley up to $146 ish. Then a big dump?

    Interesting.
     
  5. Mojack

    Mojack

    I have been looking at the $INDU, and had the same thoughts.
    Currently, in the night session its dropping lower.
    Will see if after opening it will try to close the gap or keep going lower.
    Lets see, if this will be one of those "self full filling prophecies":
    If you see it, and I do, and everybody else see it.....you know what I mean.
    But then, I am still a newbie; with one opinion more.