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S&P has cup and handles all over the place so you need to specify time
frame. Assuming you are watching 5 minute chart, there is a possible cup
formed, however the retracements have all been deep (greater than 38%)
so I would be cautious. The 60 minute shows what looks to me like a
broken cup and handle. Doesn't mean they might not work, just means that
the odds of success seem to be reduced with deep retracements.
Earl
----- Original Message -----
From: "Bruce T Armstrong" <joany@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 19, 2000 6:03 AM
Subject: [RT] S&P 500 "Cup & Handle"?
> Is that a "Cup & Handle" on the S&P???
> Bruce A
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