Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Jul 14, 2009 17:18
Comments: 19
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This thread was started in response to the Hot-Chart:

From GreenShoots to Head&Shoulders

 
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 15, 2009 15:59
And 918 S&P is indeed take out intraday and possibly for the close. All that remains is the 930 right shoulder.

Ashraf
14raj
Kolkata, India
Posts: 210
12 years ago
Jul 15, 2009 14:10
Holding long SP from 874 but now as Ashraf pointed out 912 will act as resistance for the market.Just want to cut the position because not getting much confidence to hold upto 934.
regards,
rajib.
Gunjack
London, UK
Posts: 1184
12 years ago
Jul 15, 2009 14:01
It increasingly looks like 918 could be taken out...anyone else thinking of playing a quick long on the SPX till 930?
cougr
Australia
Posts: 101
12 years ago
Jul 15, 2009 13:19
880 is definitely an important support level at this stage.
f
Brussels, Belgium
Posts: 25
12 years ago
Jul 15, 2009 13:05
Hi Ashraf, what is you feeling for the CPI data? If not what the market is expecting we could see some pretty quick downside action....
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 15, 2009 13:01
Cougar, i hear from dealers that the 880-916 in the S&P500 will prevail for the next week where bulls andbears will battle it out, allowing much room for orderly volatility

Ashraf
cougr
Australia
Posts: 101
12 years ago
Jul 15, 2009 12:50
Given that H&S is the new buzzword in a huge way ,and everyone seems to be onto it,it will be interesting to see how the pattern plays out .
sunny
zurich, Switzerland
Posts: 1
12 years ago
Jul 15, 2009 12:40
the first to report about the head & shoulders to the public was
Ashraf and it was almost 14-16 days ago.

thanks Ashraf
Gunjack
London, UK
Posts: 1184
12 years ago
Jul 15, 2009 12:19
Hi Ashraf - I see the daily SPX trading at 916.68...do you think a break of 916 would lead to the testing of the 930 right shoulder? Personally I think this rally is weak but not keen on getting caught by the earnings euphoria this week, wanted to know your thoughts.

Thanks
Gunjack