Thursday, September 22, 2011

ANOTHER Head and Shoulders

Some famous past Head and Shoulders saw major bear losses when they broke the neckline by like 4% and then PPT rushed in to crush the bears.

That would be a good quick study to review the put call ratio at those times of ramp.

Right now, we just broke a head and shoulders that measures to around 1000, see charts

But support at ES 1111, which is the Bernoulli 100 channel (strong support) and the Big 50 Fibo from the first crisis Paulson 666 bottom (give me complete control or the world is going to hell in a hand basket! Paulson that is).

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Insightful and Useful Comment!