AmateurInvestors: Weekend Analysis Saturday, September 17, 2011 TY Chichi2
Since the low made on August 8th at 1102 there have been a series of sharp moves in both directions over a short period of time which has led to a very choppy pattern as the market has been whipsawed all over the place. Meanwhile one potential pattern to watch for is another Head and Shoulders Top pattern like we saw earlier in the Summer although this one is of shorter duration. If this pattern is going to pan out the S&P 500 would reverse back to the downside early next week.
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