Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (1636)	8/13/2008 4:04:21 PM
From: skinowski	Read Replies (1) of 3209

That's a nice clean chart. Among other things, it offers a good illustration as to why new recovery highs from this point on may be potentially quite damaging to the bearish case - unless they reverse down quickly. When Head and Shoulders patterns fail, they tend to offer great entries as continuation patterns -- for obvious reasons, since in those cases the right side of the "head" and the right shoulder turn out to be ABC consolidations.

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