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Friday, July 17, 2009

Head Test of Head & Shoulder Pattern

Wow, here's another expert trader's view of the US Market:

"It is normally very common for the market to rebound after the break of the neckline, then proceed to test the Head or middle of the Head of the Head & Shoulder Pattern. If the market fails to break above the Head, the next decline is normally quite drastic. Of course, if it succeeds, then it will fly."

And here's another blogger's view, I'm impressed at the research he had done. Comparing 2009 to 2003's Head and Shoulder Pattern. See for yourself where S&P or Dow will likely to head to next, based on 2003's history!


Next week there is a special Solar Eclipse! Read its potential impact on China and India....coming soon!

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I assume no responsibility for your trading and investment results.
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