Zeev, the link i read on some thread this morning, but can't remember where, was a cramer missive about this being a giant fake out rally.
The SPX has the perfect form of the H&S pattern - the middle ground between the old/new economy stocks, and when it broke thru the neckline at 1200 it activiated the pattern, however after the trip below 1200, we quickly reversed with a gap, going back above resistance, as long as 1200 holds, i believe the pattern will at least be a short term bear trap,
look at that perfect morning star, with a long tail tantalizing bee-azzle-bub =gg=
i just think this move up has farther to go, before we go into wardrobe, for a new outfit -g- |
