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Inverse head and shoulders in S&P?

 
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Author Inverse head and shoulders in S&P?
brianchapman
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Joined: 07 Jun 2005
Posts: 4
PostPosted: Tue Jul 12, 2005 5:03 pm    Post subject: Inverse head and shoulders in S&P? Reply with quote
Hey everyone,

Can anyone comment on what looks like an inverse head and shoulders forming in the S&P - the left shoulder starting at the beginning of this year?

I'm far from being an expert so please be nice Smile
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Gizmo
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Joined: 25 Mar 2005
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Location: Elkhart, In.
PostPosted: Tue Jul 12, 2005 8:44 pm    Post subject: Reply with quote
Looks like it, and I've been watching that for awhile. It may have closed above the neckline but the late selloff indicates otherwise. I think if it takes out the March high it's headed to 1253.

http://www.ttrader.com/mycharts/display.php?p=35245&u=gizmo&a=Gizmo%27s%20Charts&id=1154
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