Textbook H&S on the DJIA (daily)

Discussion in 'Trading' started by athlonmank8, Aug 11, 2007.

  1. Monday will be interesting. Friday pump for liquidity Monday morning?

    Blood in the streets for sure. This shit's gettin scary.

    When all is said and done, the Gold/Index divergence is what's really not good.
  2. You begin the title of the thread about a H&S and then go completely off topic.
  3. toc


    While H&S on Dow is more straight and even the ones on SPX and NASDAQ although little tilted do confirm the point that some 'real nonsense' is going to hit the markets and 5-7% can be jolted out within a week.
  4. empee


    im long already and buying more monday am for a bounce.
  5. I'm with you on this one. Might buy some more ES Sunday morning. I think we'll have a big up week next week, perhaps see ES @ >1500 and stay there.

    VIX also looks like it's heading lower.
  6. Good call guys! Hope you added just like you said you would.

    Time for another wake up call tomorrow for the sheep.

    GS making a huge mistake here....gonna cost some people a lot of money.
  7. Im referring to the fundamentals that have backed up this pattern

    You think a 4 year old drew this thing on the DOW or something?