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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (93055)8/2/2011 4:07:50 PM
From: robert b furman  Read Replies (1) | Respond to of 94695
 
ERG,

That was one ugly close.

QQQ's broke a support level and so did SPX.

Going out on the low.

Bill I think your thread is going to be popular.

Bob



To: GROUND ZERO™ who wrote (93055)8/2/2011 6:25:02 PM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Well if this is the right shoulder, then things are playing out much faster than I ever expected them to... Mr. Market is always right, tho.

The expanding triangle surrogate for the markets inferred a longer demise.

BWDIK?

stockcharts.com

So it looks like a retest of the 1200 level? Or even the 1180 level? (Forgetting, for the moment, that H&S patterns don't work? <G>)


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