Friday, October 26, 2007

Here Is One For The Lesson Book

I strongly urge you to print this out and keep it for future reference, as this invested head and shoulders is very close to perfect.

The only real flaw in the pattern is the slight upward slope.
A near perfect pattern would have a horizontal neckline.

The reason I am posting this pattern is because it comes up again and again on 1, 5 and 15 minute S&P 500 charts. When it does, you have a very reliable pattern to trade with a very predictable price target.


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