Sunday, May 22, 2011

Egg of Doom Revisited

The Egg of Doom was a real crowd pleaser a month or so back. Lets see how the Egg and various trendlines have developed since then.

It looks like the SPX has broken out of the Egg and may get a bounce up from an "internal trendline".

This chart first submitted by Cometo

$SPX - Weekly OHLC Bars: "


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Insightful and Useful Comment!