Check out the 5' ES chart

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")

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.

Looks like a 'hanging man' re daily SPX

(deleted)

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

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)