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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: sitkapacific who wrote (50555)5/4/2006 6:28:56 PM
From: TimbaBear  Read Replies (3) of 116555
 
And looking at a weekly chart, I'd say there is a decent chance we have an H&S bottom in the works.

To me, it looks like the most dominant trend would be a H & S top with the H @ 121.29 in 2001, LS @ 102.82 in 1998 and RS @ 92.63 in 2005. We all better hope that formation doesn't continue to unfold or we are looking at a minimum 50% haircut in USD.

Timba
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