Wednesday, February 11, 2009

MARCH EMINI SP500 DAILY HEAD AND SHOULDERS

ESH9 MARCH EMINI SP500 DAILY

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS IS SUBSTANTIAL AND SUCH INVESTING IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD LOSE MORE THAN THE INITIAL INVESTMENT.

3 comments:

pythagoruz said...

Looks like there might be a lot of support just above 800, nice rally from the lows today!

Anonymous said...

Yea extreme bounce off of that support level, as it appears technical it was also greatly driven by the news that came out regarding home mortgages.

pythagoruz said...

Yeah, but that's the beauty of technical analysis. It often correlates well with fundamentals. More often than not I've seen a stock set up a pattern then breakout just before or after news.

The market knows all!!!