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To: Box-By-The-Riviera™ who wrote (399454)1/13/2010 8:17:49 AM
From: westpacific1 Recommendation  Respond to of 436258
 
Thinking 1080 into the next week (C); 1170 around Feb 8th (3D); 1178 (E) and breakdown.

1 1113.69
A 1083.74
2B 1149.74
C 1078 to 1080
3D 1170
E 1077 to 1078 breakdown

Megahorns require 3 clean tops

That is if this Megahorn Broadening Top holds at that 1078 to 1080 on the selloff...if not we discuss. Just find this chart pattern interesting as we grind out the top.

The top was in the 1140 range till the Megahorn pattern busted out larger in past week. And maybe the 1149 is the final top; just see some technicals that say we could tick a bit higher to finish this long grinding top.

Both the Dome Top Roof and downtrending Gann Regression come into play at 1170 on top of the Megaphone pattern.

The problem with tops is they can breakdown at anytime and we are in one now with potential further squeeze or breakdown.

Some think we must test 61.8 and the old HandS breakdown at 1219 into 1240 - I do not see that...

We also have a 233 DMA weekly at 1153 to contend with!

West



To: Box-By-The-Riviera™ who wrote (399454)1/13/2010 5:43:08 PM
From: gregor_us  Read Replies (1) | Respond to of 436258
 
I'm starting to wonder if we've got another one of those peace dividends on the way.
Message 26241880

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