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DJIA Head & Shoulders formation

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



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  1. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    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 ++

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    Go on.....
     
  3. Ahillock

    Ahillock A nobody Mother Lode

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    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 ++

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    Ahhhhh, got it!
     
  5. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    I'm just waiting for the other shoe to drop...
     

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