Everyone Has a Bias

• Posted by Greg Harmon
• on April 30th, 2013

Everyone has a bias. Take a look at the 2 day 5 minute chart for the S&P 500 SPDR, $SPY below. Do you see the blue Inverse Head and Shoulders with a price objective to 160.44? Or maybe the green potential Head & Shoulders Top (it has not cracked the neckline yet) with a price objective to 159.05? Or maybe the Diamond Continuation in Pink breaking higher which would target 160.40, but could always be a Diamond Top as well on failure. Look at your last 10 tweets and see if it is obvious which you are looking for.

Want to learn more about Dragonfly Capital Views?
Dragonfly Capital Views Performance Through April 2013 Expiry and sign up here.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus