Will Wong
Long

SPX Bull Flag and iHnS target 2300 and beyond

SP:SPX   The S&P 500 Index
89 3 2
I am not a perma bull. Matter of fact, I am only 40% in the SM and 60% cash. However, it is what it is and these are the patterns I am seeing. As I scan around, I noticed 90% of the charts on SPX             are bearish . The trend is your friend, I was told back in March 2009 when analysts were screaming sell, sell, and sell. That was a painful lesson for me to be on the wrong side of the trend. What would it take to be on the right side this time? I suggest a careful watching of the daily and hourly charts for turning signals. Thoughts?
As far as I know ,Head and shoulders pattarrns are reversal patarren not a continuation patarren !!
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Will Wong msmalmuzaini
Thanks! Didn't know that!
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Will Wong msmalmuzaini
iHnS can be a part of the continuation pattern according to these guys.
http://peterlbrandt.com/do-continuation-head-and-shoulders-patterns-really-exist/
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