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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 684.45

+0.1%

Dec 4 4:00 PM EST

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To: Johnny Canuck who wrote (38418)	11/19/2002 2:50:02 PM
From: Johnny Canuck	Read Replies (1) of 68611

madtrader] Tue Nov 19, 10:51am PST head'n shoulder I have read from more than one places about the possible head'n shoulder pattern forming on SPX in the past few days. At this point, I think it is still too early to say if we really have such a pattern on our hands. Even if people insist as such, I think it is too vague. Needless to say the action in the next day or so is very important. Yesterday was the first day in 6 sessions that we got a lower high (on intraday basis), which sent the tape lower. We need to establish some sort of higher low here.none. [madtrader] Tue Nov 19, 8:10am PST ERTS Do or die time here. A bit more drop will have this stock break below the bear flag on daily chart.none

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