Inverted head and shoulders on the SPX?

sirgiyan · Feb 20, 2009

Quote from Dogon566:

I apologize sirgiyan ...you're correct I see it on the $SPX and the FAS daily...

No need to apologize, Sir. Let's hope we'll get there soon

AMT4SWA · Feb 20, 2009

Quote from AMT4SWA:

Covered first ES targets at 772.00 for 5 points.......next target set at 767.00

Oh....forgot to post I had my fill at 767.00. Held remaining ES positions for the weekend with my next targets at 762.00 and then last at 757.00......also still holding remaining Rydex with targets on down as previously stated.

fantastic4 · Feb 21, 2009

Friday's finish seems bearish to me, even though we had a candle. If you look at a 30 minute chart you'll see that we had range extension to the down side, and a selling extreme that made a failed range extension to the upside. We also closed beneath the low value area, and never even gathered enough strength to seriously challenge it, plus we closed beneath the 775. I don't see the buying that came in late as bullish, but just as a neccesary after extending to such extremly low territory. Money was pumping into the BANK before the markets, and I reckon that may have been some intervention by the big man trying to keep the world's biggest sell off from taking place. Well, we'll see on Monday, but as of now I'm feeling like a bear.

paul_alan · Feb 21, 2009

Quote from AMT4SWA:

Oh....forgot to post I had my fill at 767.00. Held remaining ES positions for the weekend with my next targets at 762.00 and then last at 757.00......also still holding remaining Rydex with targets on down as previously stated.

How annoying, lol.
I thought we may have turned, but am not gonna buy anything uintil you turn bullish aswell! You seem to have the stock market secret in you arsenal, and im not gonna bet against you.

AMT4SWA · Feb 21, 2009

Quote from paul_alan:

How annoying, lol.
I thought we may have turned, but am not gonna buy anything uintil you turn bullish aswell! You seem to have the stock market secret in you arsenal, and im not gonna bet against you.

Hey.....it is pretty simple actually, I am just FOLLOWING the "financial grid" takedown of the US economy by globalist wealth entities in their ENDGAME move. This is the move they called out in their own internal documents from various sources years ago.....housing/CDO/CDS blowout and oil run up were all previously acknowledge as the FUSE. :eek:

AMT4SWA · Feb 21, 2009

Quote from AMT4SWA:

Oh....forgot to post I had my fill at 767.00. Held remaining ES positions for the weekend with my next targets at 762.00 and then last at 757.00......also still holding remaining Rydex with targets on down as previously stated.

I am also remaining SHORT because we still have a good size zone of resting NET long inventory sub 750's at the yearly lows. Resting inventory at SIGNIFICANT support or resistance zones is like a powerful MAGNET for price......I am still holding positions SHORT looking for the yearly lows retest move.

lurefo · Feb 21, 2009

Quote from AMT4SWA:

Hey.....it is pretty simple actually, I am just FOLLOWING the "financial grid" takedown of the US economy by globalist wealth entities in their ENDGAME move. This is the move they called out in their own internal documents from various sources years ago.....housing/CDO/CDS blowout and oil run up were all previously acknowledge as the FUSE. :eek:

AMT, what are these sources? Any link? Thanks...

AMT4SWA · Feb 21, 2009

Quote from lurefo:

AMT, what are these sources? Any link? Thanks...

fantastic4 · Feb 23, 2009

Well sometimes you just have to turn bullish. Wow, futures are up over the high value area, but are struggling with support 1. We could be making a double top on the resistance of Thursday's close as well around 780ish. However, since we are overextended, already kissed the bottom ( November's lows) and futures are trying to fly, I have to go bullish.

fantastic4 · Feb 23, 2009

I'm getting sea sick