Exposing Ideas to the Envelope of Serendipity

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Thursday, July 16, 2009

Brinkley's $SPX Possible Inverse Head & Shoulder

With permission from Brinkley to post her chart, I found this to be very compelling for the Bull case.

Given the recent action, I see this as very probable so let's see if this pattern shows signs of confirmation in the days/weeks ahead.

Thank you Brinkley for bringing this to our attention!

For the very short term, I see us correcting a minimum of 15-20 /ES points from this 941 area.
We already have shaved off 8 points since the /ES high of 940.75.

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