history of internet dating services christliche partnervermittlung basel 31 year old man dating 22 year old woman dating services in phoenix az speed dating valencia 2016 here club 87 rencontre http://parkbarnyc.com/?flomasr=site-de-rencontre-payant-femme&003=3a online dating zodiac signs flirten interesse erkennen Well, here we are in the summer of 2010, and another Head and Shoulders (“H&S”) pattern has formed on the major stock indexes. Last summer, we witnessed a reversal just as the indexes were collapsing below the dreaded neckline…will we see a similar reversal this year?
In my opinion, this current H&S is much more firm than last summer’s. For one thing, we have an imminent death cross this year (that’s where the 50 day moving average line crosses down into the 200 day line)–whereas last summer, the H&S occurred as a golden cross occurred (just the opposite!– a rising 50 day cross of the 200 day line). The big traders had a reason to reverse the trend…a golden cross is hard to ignore!
The second thing that is noticeable is the massive size of this H&S compared to last year’s….you can see it on the chart link below…in my opinion, this year’s version of the H&S is more ominous. Investors and traders should keep a short leash on their best stocks….and be sure to hold plenty of cash, or for aggressive traders, some shorting of stocks continues to be in order at this time.
PLEASE CLICK THE LINK BELOW TO VIEW MY HISTORICAL CHART FROM SUMMER 2009 TO PRESENT: