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omandan

12/06/07 9:05 PM

#33599 RE: learningboutinv #33596

Learning
Thats what I'm looking at, OR better. If we break 1516 SPX tomorrow I think that will kick SPX up to 1560 - 1570 area.
I sure had to leave a lot on the table today. Had a meeting to go to this afternoon so had to close my day trades a little after 1. Thats the way the game goes.
Hope all your traveling is safe.
Dan

Footquarters

12/07/07 5:45 AM

#33603 RE: learningboutinv #33596

Hey Learnin'







Inverse head and shoulders....
You take the higher shoulder which 1460 and add to it the difference of the head to neckline which is 1407-1492=85 points. So 1460+85=1545ish So technically that would be the target. Probably people will be looking at that 1572, but figure 1445 will be hit on Dec 11.... as Jared would say to keep us guessing.....LOL To take the swing out today at 1520 they need to do over 3.1 billion and close above the swing. Should make for an interesting day..... Easy stuff is over. The volume on the way up has had little to no opposition.