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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: jay7_wallace who wrote (168247)	5/22/2008 11:48:13 AM
From: Galirayo	Respond to of 209892

There's a ton of overhead supply near 1417 on the SPX .. it's failed there numerous times. There are a lot of charts looking like they've entered a C Down. stockcharts.com BA has turned ugly. stockcharts.com

To: jay7_wallace who wrote (168247)	5/22/2008 4:05:05 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

[SPX] Of course in order to give it the benefit of the doubt. The best way to counteract a Larger Formation is to Mirror or Invert the same Formation .. Then the Question is .. Do the Daily Moving averages or the Weekly ones or the Larger Formation or the Inverse Formation Win ?? Or will it form a Mini Formation to invert the inverse formation ? ;) In other words .. a Big H&S .. an IH&SC and a Mini H&S in the build phase forming a ' ii ' Up to backtest the Rising Wedge Lower UT Line. stockcharts.com stockcharts.com