News Focus
News Focus
icon url

Namiar

05/20/09 6:43 PM

#36956 RE: euterpe1 #36955

That weekly SPX chart shows the inverse Head-and-Shoulders forming nicely. If it continues to play out, it would appear to target 800 in about 6 weeks.

I will investigate and take a short position for the ride down if I can get over my fear of long-term shorts.
icon url

Namiar

05/21/09 3:47 PM

#36958 RE: euterpe1 #36955

Nice work with the short euter!

Despite todays selling, oversold levels are not sufficient to take a long stake.