Discussion in 'Trading' started by Petsamo, Feb 17, 2010.
Guys, look at the SPX. It looks like we may have an inverted head & shoulders in progress.
I think its generally agreed in TA circles that an inverted head and shoulders is bullish.
A regular head and shoulders pattern is bearish....
selling usually follows the pattern( 50%) then the rally to old highs.
looks like the dollar wants to consolidate here so.................
Why does everybody try to make projections with daily charts? Look at multiple time frames. Weekly and monthly. You will get the bigger picture.
I agree, you have to keep attention in the main trend.
ItÂ´s better analize a 1 year daily chart and then define your investment horizon and get if is necesary a chart with a short time period .
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