The S&P just put in another higher short term bottom

100% up room to go

 

The Wife is still looking, but my daughter In Atlanta has a copy and is sending it to me , once I get it I'll post it here, or maybe a new thread.

...Rennick out

 

It would be worth a new thread I think.

 

While it may not be pure genius...

...You have to admit...

...he is entertaining.



2manypeoplenothavingfun Out!

 

I love 100% up room to go!!

 

T day is like free $$$$$$ donations from our short friends.


Volente out........................

 

I'm loving it,

This is the retracement I have been waiting for to bounce off of 1275 as predicted to form the other shoulder of the inverse H&S.


http://stockcharts.com/h-sc/ui

 

There is surely an inverse head and shoulder pattern on the SPX, and it's right at support of the Feb 28th intraday low

 

==============
Have been known to help polar bears, when;
they leave enough tracks.
Cool.

Its a shame though ,
some dont study/ realize the vast majority of trends on S&P are up , most time frames. Hope this helps

 

so the question you have to ask is:

1) is it walking up a wall of worry?
2) is it stair stepping higher through base building?


the challenge to statistical analysis, market forcasting and chart reading is using hindsight from present point looking forward.

you will have to do this in tandem with a variety of other indicators, hopefully with the majority of them being in sync, as well as use multiple time frame analysis (i.e. 5min, 15min, 60min, daily, etc.)