10 for 1000 Watch List released tonight for this week

Monday, July 28, 2008

This week we have 2 potential bearish patterns in the markets 1. A head and shoulders formation on the 60 min $SPX and 2. a rising wedge in the Nasdaq Composite. Charts are below. Over the weekend we had congress pass the housing bill and there is talk of ensueing short squeeze in the markets. I have a hard time going against a rising wedge pattern. Monday should tell us alot about the markets strength this week.

11 stocks featured this week 3 great bottoming patterns, 2 Head and Shoulder Formations, Best Bet Trade of the Week, www.daytradingradio.com