New Posts For Thread: Head and Shoulders in the Dow?https://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dowThe sell off is running out of steam now. With the Euro troubles getting priced in and no immediate worries about Korea, we could see a 6/7% rally over the next five weeks ago reflecting the shoulder of mid-Jan. Any opinions?surely the euro has not seen all it's problems yet. spain is toast. fitch just cut its rating to aa+. prepare for big moves down imo.frankly recent reports describing the spanish banking industry as resilient are blx. they said the same abouhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449603241#449603241surely the euro has not seen all it's problems yet. spain is toast. fitch just cut its rating to aa+. prepare for big moves down imo.frankly recent reports describing the spanish banking industry as resilient are blx. they said the same abouFri, 28 May 2010 14:38:34 -0500Nice spot on the NDFs - I hadn't noticed. I'm sure it's too slow-stepping to affect things over short time horizons though as it's all politics (?) In a year's time or so though, it might start to be relevant again.https://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449536797#449536797Nice spot on the NDFs - I hadn't noticed. I'm sure it's too slow-stepping to affect things over short time horizons though as it's all politics (?) In a year's time or so though, it might start to be relevant again.Fri, 28 May 2010 03:04:59 -0500h and s plus diverging rsis are giving strong signals for the equities to go up.on top something very interesting is happening in the fx markets. china ndfs are for the 1st time in a long time flat on the curve, ie no revaluation of the remimbi is prhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449489425#449489425h and s plus diverging rsis are giving strong signals for the equities to go up.on top something very interesting is happening in the fx markets. china ndfs are for the 1st time in a long time flat on the curve, ie no revaluation of the remimbi is prThu, 27 May 2010 17:38:19 -0500I rather be a trader than a investor in this market, dont form opinon just go with the flow. Could get nice rally thohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449442833#449442833I rather be a trader than a investor in this market, dont form opinon just go with the flow. Could get nice rally thoThu, 27 May 2010 12:42:04 -0500difficult to tell. i think the recline is actually the trend. the previous gains could just be a bear rally - so potentially we're still on the way down. altenatively the bear rally (which really im certain it is) could restart and continue fhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449415397#449415397difficult to tell. i think the recline is actually the trend. the previous gains could just be a bear rally - so potentially we're still on the way down. altenatively the bear rally (which really im certain it is) could restart and continue fThu, 27 May 2010 09:21:13 -0500Which ever way it goes, I'm sure you chaps can form a new picture & a new theory to explain it!https://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449402525#449402525Which ever way it goes, I'm sure you chaps can form a new picture & a new theory to explain it!Thu, 27 May 2010 07:29:10 -0500Yeah, we're looking at the same minima. Obviously whatever pattern it turns out to be will be in retrospect and a double bot would be confirmed before a h&s as a necessary precursor. If we go back up though, I see new year highs over 11500 buthttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449396441#449396441Yeah, we're looking at the same minima. Obviously whatever pattern it turns out to be will be in retrospect and a double bot would be confirmed before a h&s as a necessary precursor. If we go back up though, I see new year highs over 11500 butThu, 27 May 2010 06:09:19 -0500What time frame are you viewing a H&S pattern forming?On a 6mth or 3mth, there is a very definate Double Bottom that could give a nice 300pt plus rally if it follows through.also fits with last strong support/rally area from feb 2010 of around the 9,https://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449314065#449314065What time frame are you viewing a H&S pattern forming?On a 6mth or 3mth, there is a very definate Double Bottom that could give a nice 300pt plus rally if it follows through.also fits with last strong support/rally area from feb 2010 of around the 9,Wed, 26 May 2010 17:27:36 -0500The sell off is running out of steam now. With the Euro troubles getting priced in and no immediate worries about Korea, we could see a 6/7% rally over the next five weeks ago reflecting the shoulder of mid-Jan. Any opinions?https://community.betfair.com/tradefair__financials/go/thread/view/94198/24886805/head-and-shoulders-in-the-dow?post_id=449282801#449282801The sell off is running out of steam now. With the Euro troubles getting priced in and no immediate worries about Korea, we could see a 6/7% rally over the next five weeks ago reflecting the shoulder of mid-Jan. Any opinions?Wed, 26 May 2010 14:20:12 -0500