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Pending Neckline Breakout


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#1 redfoliage2

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Posted 31 August 2007 - 08:58 AM

SPX daily shows a pending breakout of the neckline of the Head and shoulders, which I consider as very bullish:
http://bigcharts.mar...i...1&rand=4621

Edited by redfoliage2, 31 August 2007 - 09:07 AM.


#2 gorydog

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Posted 31 August 2007 - 09:03 AM

SPX daily shows a pending breakout of the neckline of the Head and shoulders at 1474, which I consider as very bullish:
http://bigcharts.mar...i...1&rand=4621


Also watch Rut2K, if IWM pushes through 80, it could fly to 83 in short order. I'm looking to short today at resistance tho- everyone knows today will be up. Too easy, has to screw someone.

GD

#3 redfoliage2

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Posted 31 August 2007 - 09:11 AM

On the IB 60 min chart, I got a better measurement which shows that the breakout point is at 1470. :D

#4 redfoliage2

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Posted 31 August 2007 - 09:36 AM

On the IB 60 min chart, I got a better measurement which shows that the breakout point is at 1470. :D

SPX just made it after a brief pullback, which allowed some people to get a chance to load.

#5 rkd80

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Posted 31 August 2007 - 11:37 AM

ESu07 is currently above the neckline as well, if this is where we close then new highs on the market will follow within 2 months
“be right and sit tight”