Whether or not this plays out as an H&S is yet to be seen, although it is my contention that we will test 1750 sometime this year. A lot of support in this area would provide a good area for a strong end of year rally possibly by July-Aug timeframe...
This is a change from my 2005 Nasdaq W@G I set earlier in the year #msg-5182309 as I was looking for a deeper retrench, but that may have to wait until 2006 although I am not taking it completely off of the table and the only thing to change in that scenario would be the timeframe...