Tuesday, August 03, 2010 2:04:43 PM
Beautiful chart Picassa, really lays it all out there. COMPQ 2150 appears to be the line in the sand, a lot of support there. A break could take us down to 1750, but that's an awfully big drop although is certainly doable.
OTOH when looking at this chart I see a massive inverse H&S with the head being the drop to 1250 in the beginning of Mar'09 and the neck line at approx. 2150 (there's that number again). That would be a 1250 (there's this number again) point climb to COMPQ 3400.
Do I think it will happen? I highly doubt it, then again having seen stranger things you just never know.
All just speculation on my part...
PS- It just so happens that we have a Bradley Turn on/or around 8/10, one of the stronger signatures for the year.
OTOH when looking at this chart I see a massive inverse H&S with the head being the drop to 1250 in the beginning of Mar'09 and the neck line at approx. 2150 (there's that number again). That would be a 1250 (there's this number again) point climb to COMPQ 3400.
Do I think it will happen? I highly doubt it, then again having seen stranger things you just never know.
All just speculation on my part...
PS- It just so happens that we have a Bradley Turn on/or around 8/10, one of the stronger signatures for the year.
**Happy Trading**
Your Economy #board- 1948
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
