Replies to post #83712 on SPDR S&P 500 (SPY)

[2bit-nothing]

You,

I am not denying anything. I am not a bear nor a bull. Just that the probability of up direction is higher than down at this time. Again, as I have said, my A/D issues work kind of fall in sync with the T Theory. Therefore I am leaning towards that. Now a H&S formation is a turning point formation. If you have read Hurst's book you would notice that a H&S is just cycles formation within a turnng envelope. Right now I am not convinced that a turning point is at hand. I may post a chart later tonight.

good luck

2bit