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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Wednesday, April 8, 2009

SPY daily


The inverted H&S pattern completed and consolodation on weak volume back to test the rising EMA's is making a bullish case and a fairly safe trade with stops just below or loosely below the EMA's.

Bottom-line is a significant move is getting ready to take place....which side has the greater risk/reward?


For the Web's best interactive charts, please visit http://www.Prophet.Net

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