Sunday, June 29, 2008 12:23:21 PM
~~ SPX & DOW Megaphones ~~
SPX formation shows a potential Megaphone RST formation correction as I commented on $BKX and $TRAN megaphone formations. The RST correction will lead to SPX 1500 +/- projection. DOW also shows RST formation projecting DOW 13000 +/-. This scenario is not as bearish as zig-zag correction.
SPX formation shows a potential Megaphone RST formation correction as I commented on $BKX and $TRAN megaphone formations. The RST correction will lead to SPX 1500 +/- projection. DOW also shows RST formation projecting DOW 13000 +/-. This scenario is not as bearish as zig-zag correction.
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