ETF SWING & DAY TRADING

[SyndicateTwo]

Head and Shoulders? --->> You be the judge.


Because I call it the way I see it, I spent some time trying to make sense of what so many are pointing out. It's become a major topic lately as you can see by the chart below clearly shows a potential pattern. So, I researched the details of exactly what makes up the pattern, because like so many other things in this biz, there's more to it than meets the eye. Below the chart are links to sites that explain the details of what the chart shows so you can be the judge. It's definitely a possibility. But I think it's the bear's only hope. But remember, I stand by my point of view because the fundamentals are behind me and don't support this pattern's potential outcome. Usually a head and shoulders pattern happens because something is overvalued and the smart money is bailing because they know it. We don't have that here. But, it is what it is. You be the judge......




Again, learn for yourself and decide whether the chart above meets the pure technical definitions from the websites below...


http://www.stockcharts.com/education/ChartAnalysis/headShouldersTop.html

http://www.virtonadvisor.com/eng/drawing_tool_head_n_shoulders

http://www.chartpatterns.com/headandshoulders.htm

http://www.trade10.com/Head_Shoulders.html

http://www.streetauthority.com/terms/h/headshoulders.asp