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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	9/17/2005 9:59:19 PM
	of 6865

HEAD AND SHOULDERS FORMATION stockcharts.com[g,a]dacayyay[d19900901,20000208][pd20,2.0][vc60][J58086007,Y]&listNum=1 When looking for tops or bottoms usually a head and shoulders or double top will form. Head and shoulders also work on indicators and form before the actual top or bottom. On a chart if a head and shoulders forms a measured distance the same as the size from the head to the neck line can be projected from the neck line down to identify the likely bottom. Call this the measuring objective A reverse head and shoulders works the same way in a down trend

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