Monday, July 6, 2009

spy

Hi, have you noticed that the SPY is in a mini head & shoulders?
Mini H/S from November thru the big drop in March - now a minor one starting in April (L sh)
June (head) -now looks like Rshoulder forming. (down)

BUT - if you start back in September - also looks like a major Inverted H/S.
if so, we should pull back (800-825 SPY) then - UP-UP for the major Rshoulder.
I hope so!!
Alanna

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