May 2010
2 posts
Gold's Symmetry and Important Basing Patterns
Significant Head & Shoulder (H&S) consolidation patterns are fairly rare but they do happen from time to time. H&S patterns are one of the more reliable TA formations. These formations are reflection of investor psychology where we witness how behavior patterns often repeat themselves. H&S patterns can be a bearish topping pattern or bullish inverted consolidation...
Is a DOW top in place?
The Dow looks like it is finally building a topping formation based on several key charts I’ve been watching very closely. The weekly charts have told us for a long time where to look for some kind of intermediate top to form based on the 2007 H&S top. First though, we’ll look at the daily Dow chart to see the first bit of evidence that is suggesting the topping process is...
