1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

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:
    27,038
    Likes Received:
    29,738
    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:
    13,212
    Likes Received:
    12,939
    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:
    12,055
    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:
    13,212
    Likes Received:
    12,939
    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:
    27,038
    Likes Received:
    29,738
    Trophy Points:
    113
    Occupation:
    Tech
    I'm just waiting for the other shoe to drop...
     

Share This Page