Dow Head & Shoulder Top 7-2-09

[Roman Candle]

Nice formation, would like to see a drop to 7800 or so. This would set the weekly up for a nice inverse head & shoulder formation.


What I want and what I may get may be two different things. I just hope the fed and goverment stay out of the way, no suprise announcmenst from fed officals, just STFU and keep out of the way.

 

[Roman Candle]

Weekly

 

[toc]

looks like it, should be a good short trade

 

[Roman Candle]

German DAX sports the same.

 

[Roman Candle]

FTSE 100 no H&S formation

 

[Roman Candle]

CAC40

 

[dozu888]

1 idiot's H&S is another's bull flag.

cheers.

 

[Bootsie]

Quote from dozu888:

1 idiot's H&S is another's bull flag.

cheers.

I agree... the problem is that everyone and their brother is looking at this H&S formation. So, the market will make the most obvious move but in an unobvious way.

B

 

[Ivanovich]

Roman Candle is another Port1385 alias.

 

[Roman Candle]

It's a pattern, play it how you see fit. I have no idea what will happen, and really don't care.