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Friday, April 3, 2009

Inverted H&S Target:857


These inverted H&S have been reliable from the move off of 666.79. Loys of them have played out. Last one maybe to play out. 857 Target. That aligns with my target from my other charts/posts I posted tonight. The Fibs would work out nicely too for the subwaves (not shown).
After 857 look for a retrace to around 830 for starters. This would be a minimum move. If it turns out that Minor wave 2 is kicking off to lower marks, then the next target is the 810 area gap. The whole thing could end in a wedging move indicating exhaustion of the bullish move up...

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