Blog description

My photo
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.

Thursday, April 23, 2009

SPY patterns


Well you can pick your poinson, err I mean pattern because it's anyones guess what the new direction will be. This chart is looking more and more bullish, but a failed breakout or failure or either pattern could send this to the Bear targets of 800 and 750. No doubt it is going to be interesting and fun to trade.

No comments: