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World stock markets – multiple head & shoulders at play?
The interesting pair of chart patterns below comes from technical analyst Chris Kimble, courtesy of dshort.com. Kimble said: “Even though America and Europe are thousands of miles apart, their stocks markets are acting much the same. Could line (1) be the neckline of a short-term ‘bullish inverse head and shoulders pattern? Watch line (1) closely the next few days, per is this a fakeout or a breakout.”
Source: dshort.com, April 27, 2011. More on this topic (What's this?) Should You Sell in May and Go Away? (Capitalogix, 5/6/12) Weekly Leading Index (Comments for thetechnicaltake, 4/30/12) Chicago Fed National Activity Index Declines (Comments for thetechnicaltake, 4/26/12)  1 comment to World stock markets – multiple head & shoulders at play?Leave a Reply |
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
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By Prieur du Plessis, on April 29th, 2011 posted in: 
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