Thursday, November 5, 2009

11/5 - DOW and SPX Head and Shoulders

Dow 10/26/09


Dow 10/30/09


Dow 11/5/09


SPX 10/30/09


SPX 11/5/09


Remember these charts? Here's an updated one for today.

Keep an eye on the head. The pattern is starting to resemble it's old ways as posted here.(Refer to the third chart).

The Dow looks like it is going to paint a lower histogram today unless we see a sharp reversal, which given the past few days may be possible.

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