Tuesday, July 6, 2010

Watch the Head n Shoulders on the S&P

I'd rather be long right here right now. BUT, I'm very cautious of this H&S pattern
as we have rising volume on the decline into the right shoulder. The last H&S failed,
but the volume on this one is convincing.

I see potential in a lot of sectors now.


Be careful.

1 comment:

  1. AnonymousJuly 9, 2010 at 10:36 PM

    hi Tenyear
    What sector do you see most potential in ?What stocks do you like the most go long on?
    Thanks
    Sam

    ReplyDelete

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