Friday, August 5, 2011

1173 is Critical

Today's low: 1168.09
  • 1250-1370 Head and Shoulders formation (1130 Target)
  • Diverging RSI
  • March 2009 Trendline broken
  • 200 week (moving down) is being tested--last test was at April 2010 high
  • THE CRITICAL 1173 IS BEING TESTED CURRENTLY: November 16,2010 LOW
  • 1173 is the first weekly pivot below the H&S formation


WEEKLY GANN

30 Degree vector from March '09 low currently @ 1174--coincident with Weekly pivot @ 1173

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