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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.

Friday, August 13, 2010

IWM


Blue - Inverted left shoulder
Pink - Inverted Head
Green - Inverted right shoulder or Smaller H&S pattern topping latest bull run from head? Which will prevail? Normaly it is the longer time frame or larger pattern that prevails; however if the larger pattern fails it will be a violent failure.

Bottom line:
Long above - $59

Short now with stop of 50 week SMA at $63

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