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plexxus

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plexxus

Re: ajtj99 post# 77139

Thursday, 04/20/2006 10:03:38 PM

Thursday, April 20, 2006 10:03:38 PM

Post# of 148479
>>>Going into next week, the SPX could be in a bullish consolidation that would target 1345. A drop to around 1300 SPX would set that up nicely as well as take care of all of those SPY calls and puts at 130 tomorrow.>>>

AJ that is my read here as well. Seeing continuation h/s patterns take shape on the 60 Minute SP 500 and Nasdaq charts. Both patterns could use a right shoulder dip as you suggest above. Lets see if it plays out to that expectation.

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