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Thursday, 01/13/2005 8:43:52 AM

Thursday, January 13, 2005 8:43:52 AM

Post# of 148479
Interesting daily chart for the spx. Falling wedge or H&S. If sentiment were a little more bearish I'd have full confidence in the falling wedge....however...as I mentioned yesterday, we need a scarey dip and I still think we sell off all next week. So...I'll play the break. H&S measured move would be to a possible channel line I drew in. Don't like the action in the futures, oversold bounce yesterday and then some excitement before AAPL's numbers. Futures didn't budge AFTER their numbers. AAPL is more company specific anyways...in fact it's more product specific.
http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[w,a]dacayiay[d20040801,20051231][pb200!b50!c4!c8...
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