BigBull,
My time being very limited the rest of the week, I will use securitytrader.com chart targets without first doing my own and then comparing. Here are the various indexes:
DOW SYM TRIANGLE BREAKDOWN SUPPORT@ 9725, 9368
NDX BROKEN RISING WEDGE TARGET 3107 (LIKELY)
NDX BROKEN NECKLINE H&S TARGET 2247 (POSSIBLE)
BKX BROKEN NECKLINE H&S, <50, 200DMA NO TARGET
BUT LOWER SYM TRIANGLE LINE AT (approx) 660
SOX BROKEN RISING WEDGE MEASURES TO 880
NAT GAS NOT UPDATED, BUT BROKE MAJOR RESISTANCE@3.275
OSX STILL BULLISH SUPPORT 117 SEE IF
IT CAN REVERSE BACK UP
XOI STILL BULLISH,OK TODAY COULD BE SETTING UP LARGE
INVERSE H&S (emphasize could be, but target would comfortably exceed 99 highs)
IIX (You don't want to know)
XAU POSSIBLE INVERSE H&S FORMING RESISTANCE 200MA 66
AND 72 1/2, NECKLINE AT 94
Lot of UGLY charts, most indexes and financials look very risky here, charts RED for short or major negative short term, as is most everything else except XOI OSX XAU DOLLAR bullish, AIR neutral, DRUGS and PAPER caution.
That's it for tonight, comments in () are mine.
Roebear |
