Wednesday, August 29, 2007

Mixed Signals

A Reverse Head and Shoulders - predicting the market to rise from the lowest point of the head to an equal amount above the neckline - a line drawn from the highest point of the shoulders. The right shoulder will be completed (in this case) at 147 and the increase should be to 154. This is what technicians follow as one of their rules - but there is also a phrase - "a failed head and shoulders"
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From Brian at AlphaTrends

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