PeakTrader.com Forum Index PeakTrader.com
Economics, Portfolio Optimization, and Technical Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Log inFast Charts

Possible SPX Inverse Head & Shoulders

 
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Market Forecast
View previous topic :: View next topic  
Author Message
arthur
Guest
PostPosted: Fri Oct 29, 2004 5:34 pm    Post subject: Possible SPX Inverse Head & Shoulders Reply with quote
SPX may be creating a bullish inverse head & shoulders pattern. If SPX can break the downtrend line (neckline), then I'd expect a powerful rally. The right shoulder is higher, than the left shoulder, and the 50 day MA is rising, which may indicate a year end rally. Also, the 50 day MA may soon cross the 200 day MA.

Back to top
Display posts from previous:   
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Market Forecast All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by PeakTrader 2.0.8 © 2001, 2002