Thursday, June 25, 2009

head and shoulders top





Some technicians are telling me a head and shoulders pattern is appearing on the 60 min 
If this is so it becomes a screaming sale in the area highlighted in blue on my chart so far the trend line has been the friend kind. Keep an eye and jump on late because a futures rally will make this look like a different pattern and that one is a break-out.
The re-tracement of this pattern looks to go to bottom where the pattern initially formed so say 67











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