Could it be a H&S? Nobody is going to believe it after last month's H&S fiasco. SPX is heading to 980, which aligns with the 20ma on the daily. Stops at 1000.
Update 8-22-09. 980 on 8-17-09. Gone Long.
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About Me
- BingoBob
- Having met with success at calling various markets I thought it would be fun to launch these ideas in a public forum. I try to take advantage of over 25 yrs active trading experience, as well as, my prior experiences on; as a CPA on Wall Street, as a Stock Broker with Merrill, and, as the Trustee of a Retirement Plan. In addition, I have been the Senior Financial Executive for a diverse Real Estate Company involved in acquiring & developing Raw Ground, Single & Multi Family properties, Commercial projects and Real Estate Brokerage. Forecasting the unknowable is a wonderful challenge. I hope you like the blog.
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