Head and shoulders on SP500...

[Yngvi Hardarson <hardy@xxxxxxxxxx>]

I have not seen anybody on the list referring to a head and shoulders
pattern having appeared on the S&P 500 index.

Neckline drawn from the low of April 27 to the low of August 11 and
penetration on August 28.

Potential objectives: Whole multiples of distance between 1190.58 July 20
High from neckline same day at 1059.21 subtracted from penetration price of
August 11 at 1050.89 or: 920, 788, 657...

Comments anybody?

Yngvi