One of the most well known and prolific chart patterns is the Head and Shoulders Top.
Guess what we have here! Picture perfect.
The left shoulder and top are in place and we look to be working on the right shoulder now.
Upon completion of the right shoulder, we would expect a drop equal to the number of points from the neckline, which happens to lie at 8,000 and the top which is 14,000. That's a whopping 6,000 points which is deducted from the neckline leaving us no choice but to predict Dow 2,000.
There's enough simmering catastrophe out there to get the job done that's for sure.
Got food?
No comments:
Post a Comment