Replies to post #594 on Estimated Prophet Portfolio

[gym gravity]

I wanted to add this to the last post:

In this chart, I see a few cases that chartists might be looking at.

1)go up to about 2167 in a week or so, then back to the neckline by the end of nov. Then break the neckline and shoot down to test the gap at 1800 by mid december. Santa clause brings it back sharply from there. january continues to be strong and the market climbs at a slow, steady pace like '03 to '08

2)go up to 2167, hover for a few days and fry a few shorts when it gaps up again...last 13/50 kiss was good for 463 points. Hit a big 2551 or 2861 double top in january. This would draw in every last penny of "on the sidelines money" trying to chase the "green january = green year" statistic. The market will then remain range bound between 2190 and the new top for a whole year to consolidate.

3)go up to 2167, hover for a few days, fry a few shorts, and tap a double top on 2190. Close the gap to 1800 and bounce back with Santa Clause/January effect. Resume healthy climb.

4)go up to 2167, then up through 2190, then keep going and never close the gap to 1800.

[Estimated_Prophet]

I was looking at the Dow, but you are right, the Nasdaq does qualify. The head is suppose to break the current trend, which doesn't occur on the Dow. Volume is suppose to be the largest in the head section as well, which doesn't really qualify on the compq. I wouldn't worry about that though. I always worry that head and shoulders are fakes, because they are THE formation that almost everyone knows about.