SPDR S&P 500 (SPY): Pretty H&S... across the last 3 days....

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Re: GLENO34 post# 96858

Thursday, 03/04/2010 11:35:33 AM

Thursday, March 04, 2010 11:35:33 AM

Pretty H&S...

across the last 3 days. Complete with neg divergence. Impies a run down to 1107. Break below 1116 for anything to happen.

That schitt has been negated since last June though. Just doesn't matter any more.

That rip down we had yesterday was the algo computers doing their thing. Even made the $TICK readings soar. Really enticed some into believing it was a real selloff.

Then they pulled the rug out once again.

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