20%-30%- chance we open down 100pts on NYSE

To the bottom of the wedge, and it won't be a buy opp.

Is it likely to happen... No, slim chance. I have no stats to back this up, just a traders "intuition."

I'm short, but not because of this.

Catalyst...?? MMmmmm, Hongkong, China, France, somebody is gonna break tonight or tomorrow night.

Lots of invert H&S, right at the neckline that are going to fail. (Mostly thinking/pondering out loud)

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=11&dy=0&i=p80247144960&a=138292931&r=8696.png


http://stockcharts.com/c-sc/sc?s=$HKDOW&p=D&yr=1&mn=0&dy=0&i=p30307078140&a=124181481&r=9328.png

http://stockcharts.com/c-sc/sc?s=$CAC&p=D&yr=2&mn=0&dy=0&i=p08150896592&a=124319929&r=6335.png

Edited by ronkw, 05 May 2008 - 03:56 PM.