Replies to post #920 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*Current Nasdaq futures indicate a gap over today's range for tomorrow's open! If this is the case then this adds perfectly into the recipe for a truly climactic top and a volume spike to the 2,200 area!

*A gap up tomorrow would lead to a short squeeze, enhancing the liklihood that we are headed towards a climactic top.

[Bullwinkle]

Nice chart, but if we go to 2200 would not that invalidate the H&S pattern? In other words, the right shoulder would be higher than the head....

[FinancialAdvisor]

*** NASDAQ COMPOSITE CHART *** HEAD AND SHOULDERS FORMATION, I SEE A CLIMACTIC TOP AHEAD OF A "DISSAPOINTING" DOWNTURN IN THE MARKETS!

[FinancialAdvisor]

NASDAQ HEAD & SHOULDERS?

Nasdaq 3-year chart gives potential for H&S:



Running chart for comparison:

[FinancialAdvisor]

***FLASHBACK! TO MY PERSONAL "HEAD & SHOULDERS" FORMATION... no it's not textbook, chances are... if it was I wouldn't have posted it... plus the entire market and their grandmother would've known about it!... well anyways... guess what!!! It has broken the shoulder line! I'm now estimating a down target somewhere just under 1500.

To see what I'm talking about, see #msg-4716383

This also fits into my "Nasdaq under 1500 still a possibility" postings... #msg-5796724