Friday, March 26, 2010

SPY: head and shoulders. Really.

Many bears have been imagining head and shoulders patterns for months, and they have been punished because they were actually seeing higher lows on the "right shoulder".. On the 65-minute I see a true head and shoulders. Bulkowski says this has a #1 rank out of 21 patterns in predicting success. Maybe this is why everyone is looking for the elusive head and shoulders pattern!

Today we have one. And it's the first one I've seen in a long time.





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2 comments:

  1. VALUE STOCKS BELOW FIVE DOLLARSDecember 12, 2012 at 4:53 PM

    Interesting this stock looks stable to me.

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  2. Stock TipsFebruary 13, 2013 at 12:26 AM

    First of all let me tell you, you have got a great blog. I am interested in looking for more of such topics and would like to have further information. Hope to see the next blog soon.

    ReplyDelete

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