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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.

Thursday, April 16, 2009

SPY


Inverted H&S pattern coming to completion.....
Expect a breakout to the upside on continued anemic volume.

WHEN IT FAILS and rolls over 750 is a real possibility.

Patience is key here...DO NOT CHASE THIS MOVE HIGHER

Keep your powder dry and get ready to short heavy.

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