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Thread: Market

  1. #1
    Join Date
    Dec 1969
    Location
    Tarzana, CA
    Posts
    962

    Market

    Market volume has been light. I suspect that this is why we are seeing a choppy market. Algorithms and larger players can push stocks aroun in an iliquid environment.

    Name:  NYSE Volume.GIF
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Size:  208.2 KB
    Mike Scott
    Cloverdale, CA

  2. #2

    I see a Multi-Year Head & Shoulder Pattern with a Declining Neckline

    Hi Mike-

    I have been staring at this SP500 monthly chart for a couple of years.

    Bulkowski's Encyclopedia of Chart Patterns, suggests that head-and-shoulder patterns w/ declining necklines and constructed over longer time periods (e.g. monthly or weekly) have a higher likelihood of success, upwards of 65%...

    The measured move is devastating...

    Shawn

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