Sunday, September 25, 2011 6:57:25 AM
S&P 500: $SML - BEARISH 5-0 Pattern: Speculative Advanced Pattern Formation:
25 SEP 2011 - TECH-NOTE:
Watch for 315 and 225 at two significant harmonic convergence levels. Additionally, I'd pay particular attention to the advanced pattern formation below, which carries a high probability of completion and expected price reaction (Bearish in this case):
BEARISH 5-0 PATTERN:
As of this date, the 0,X,A,B points have preliminarily defined the price points expected for a BEARISH 5-0 PATTERN. Expect C to extend between 1.618 and 2.240 of AB, and D to define the 50% point of BC. Therefore, the pattern is not finished. C will define D, and D will point to a high probability decline.
003 b - $SPX: $SML - 10-Yr., Monthly Chart - 25 APR 2009
- Dalcindo
More of these charts on my public list list at stockcharts.com
25 SEP 2011 - TECH-NOTE:
Watch for 315 and 225 at two significant harmonic convergence levels. Additionally, I'd pay particular attention to the advanced pattern formation below, which carries a high probability of completion and expected price reaction (Bearish in this case):
BEARISH 5-0 PATTERN:
As of this date, the 0,X,A,B points have preliminarily defined the price points expected for a BEARISH 5-0 PATTERN. Expect C to extend between 1.618 and 2.240 of AB, and D to define the 50% point of BC. Therefore, the pattern is not finished. C will define D, and D will point to a high probability decline.
003 b - $SPX: $SML - 10-Yr., Monthly Chart - 25 APR 2009
- Dalcindo
More of these charts on my public list list at stockcharts.com
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