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Check out the 5' ES chart


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#1 OEXCHAOS

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Posted 28 December 2006 - 02:51 PM

I don't think I can remember a more symmetrical day of trading. It's also a very pretty little (stress little), H&S pattern. It looks Bullish, so it's probably ST Bearish, but we'll have to see. Mark (still on "vacation")

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#2 redfoliage2

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Posted 28 December 2006 - 02:55 PM

I don't think I can remember a more symmetrical day of trading. It's also a very pretty little (stress little), H&S pattern.

It looks Bullish, so it's probably ST Bearish, but we'll have to see.

Mark

(still on "vacation")

Since the "right shoulder" is just a tiny bump on the 60 min, it may not be much meaningful. Or something is missing here.

Edited by redfoliage2, 28 December 2006 - 02:56 PM.


#3 raleigh

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Posted 28 December 2006 - 09:21 PM

Looks like a 'hanging man' re daily SPX

#4 spielchekr

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Posted 28 December 2006 - 10:00 PM

(deleted)

Edited by spielchekr, 28 December 2006 - 10:03 PM.


#5 OEXCHAOS

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    Mark S. Young

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Posted 29 December 2006 - 09:50 AM

I don't think I can remember a more symmetrical day of trading. It's also a very pretty little (stress little), H&S pattern.
It looks Bullish, so it's probably ST Bearish, but we'll have to see.





Right about this posting would have been a good short. Take away? Look for really obvious patterns and fade them in thin markets.



Today should be dead.



Mark

(Now sick and still on vacation)

Mark S Young
Wall Street Sentiment
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http://wallstreetsen...t.com/trial.htm
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