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SPX Megaphone? Bears Should Hope Not

Jan. 11, 2011 6:03 PM ETSPY, DIA, QQQ
Gary Tanashian profile picture
Gary Tanashian's Blog
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There is some analysis floating around talking about a Megaphone in the SPX.  One smart gentleman emailed me about it and I saw something earlier as well. 

But one ill-drawn Megaphone is not going to get the bear case done because if it is drawn correctly instead of wishfully, the bears will not survive it. 

I am leaning toward the bear case presenting sooner rather than later too, but it sure is not due to a Megaphone, which obnoxiously, would target the resistance zone shown previously before the bulls are hammered.  C'mon guys, you can do better than that.  Okay, off to play some loud rock guitar with da boys.  http://www.biiwii.blogspot.com

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