Tuesday, April 7, 2009

Possible Head and Shoulder Top

Keeping close tabs on this 60 min. SPX chart for a possible topping of this rally.

1 comment:

mr. squeeze said...

i'm feeling ya stew.

after tmw's 10yr, there is no long term T auctions for 2 weeks.

then the whopper at the end of april with the GDP announcement and a 30 yr announcement on the same day (4/29).

shorting's too easy of a call right now, and *they* know that.

the trick right now is to know that they know that we know.

question is: how high that right shoulder may shrug?

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