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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (973)	7/1/2010 11:25:04 PM
From: tejek	Respond to of 1428

We definitely seem to be set up for a sell off in the near future, possibly down to Dow 8500. Volume has been pathetic, we're seeing the DOW, and SPX looking at a Bear Flag formation, and even more sinister, the right shoulder of a H&S formation possibly being created right now. It depends on how you look at the charts. To me, the Dow and S&P look to be putting in an inverted H&S esp. after today's action. They both have the left shoulder and the head in. An inverted makes more sense........it would reflect the economy's gradual improvement rather than a speedy recovery. Do you agree or disagree?