Okay, so maybe not that much, but I was just looking through charts and saw this loose head and shoulder pattern on the Dow.
We are a right around the break of its current neckline, which should make things all the more interesting.
If this LOOSE head and shoulder does indeed work, then look for a break with a target of around 11500. That would be something wouldn’t? We should be around 10,500 by year’s end.
I know I might be crazy, so check out what INO thinks of the Dow, and if you are confused on what a head and shoulder is then learn.
More on this topic
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The 1929 DJIA and the 2000 Nasdaq
(The Mess That Greenspan Made, 8/29/09)
Tech insiders selling like it was the 2000 bubble
(The Swamp Report, 8/29/09)
Four Past Bad Bear Markets - Where Are We Now?
(Bull Bear Trader, 7/23/09)
