1. Yet another holiday today for .gov and market types today in the US
    Dismiss Notice
  2. This Monday, Feb. 20, all U.S. banks and financial markets will be closed in observance of the Presidents Day,
    Dismiss Notice
  3. Week of 2/17/2017 Closing prices & Chg Over Last Wk---- Gold $1239.10-- Silver $18.03-- Oil $53.78-- USD $100.95 -- Based on near term futures contract--- At JMB Current price AGE 2017 $1304.51 (1), SAE $21.15 (20)

DJIA Head & Shoulders formation

Discussion in 'Historic Market Crashes' started by Goldhedge, Feb 10, 2016.



Tags:
  1. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    25,727
    Likes Received:
    27,421
    Trophy Points:
    113
    Occupation:
    Tech
    Am I missing something?

    djia.png
     
    Ahillock and earplugs like this.
  2. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter

    Joined:
    May 31, 2015
    Messages:
    10,622
    Likes Received:
    9,936
    Trophy Points:
    113
    Occupation:
    Architect
    Location:
    Cow Hampshire
    Go on.....
     
  3. Ahillock

    Ahillock A nobody Mother Lode

    Joined:
    Apr 30, 2013
    Messages:
    12,478
    Likes Received:
    12,052
    Trophy Points:
    113
    Location:
    GIM2 server bay #5
    Need us to mail you some?

    [​IMG]


    :rotf:




    On a serious note, basically a head and shoulders top formation indicates the previous market trend is going to go through a reversal. It is recognized as a reversal formation. I think that is Goldhedge's point. More reading info here: http://www.investopedia.com/university/charts/charts2.asp
     
  4. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter

    Joined:
    May 31, 2015
    Messages:
    10,622
    Likes Received:
    9,936
    Trophy Points:
    113
    Occupation:
    Architect
    Location:
    Cow Hampshire
    Ahhhhh, got it!
     
  5. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    25,727
    Likes Received:
    27,421
    Trophy Points:
    113
    Occupation:
    Tech
    I'm just waiting for the other shoe to drop...
     

Share This Page