RCMW Group Inc (fka RCMW)

[palmspringsbum]

I expect it to drift downward until there is some solid news. And that isn't going to be for a couple of months.

I've mentioned the well-formed head-and-shoulders before, and I'm talking about the one from 6 Jan 11 - 24 Jan 11. I don't really consider the one from 16 Dec 10 - 6 Jan 11 to be a head-and-shoulders, but if you do then we got a double head-and-shoulders.

I mentioned the head-and-shoulders here already, a couple of times.

In addition to the fact that a head-and-shoulders signals a downward trend, there is an established downward trend after 21 Jan 11.

Trading on sentiment vs. fundamentals has been mentioned here several times. Well, technicals are about the best measure of market sentiment there is.