David,
Sure, just a quick cursury look at the chart and I see the same, or similar, patterns in 1984, 1985, 1988, 1994 and I only took a few moments to look. But, upon closer scrutiny of the charts going all the way back, these patterns are very common and can be seen from before 1929.
All H and S patterns have the same configuration, they must by their own definition, this is how we can identify them and make any technical summation at all. But, when as many H and S tops fail as otherwise, the magic of such a similarity between 1929, 1987, and this past July is severely diluted.
Sure, now watch the markets crash to hell on Monday right on the opening. heeehehehehehehehe
GZ |
