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World stock markets – multiple head & shoulders at play?
Posted By Prieur du Plessis On April 29, 2011 @ 10:40 am In Investment,Stocks | 1 Comment
The interesting pair of chart patterns below comes from technical analyst Chris Kimble, courtesy of dshort.com [1].
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 [3], April 27, 2011.
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URLs in this post:
[1] dshort.com: http://dshort.com/
[2] Image: http://dshort.com/charts/Chris-Kimble-Chart.html?/2011/EFA-RSP-110427
[3] dshort.com: http://dshort.com/articles/Kimble/2011/0427-EFA-RSP.html
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[5] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire
[6] Zipcar Inc: Steer Clear of the “Winner’s Curse” (Part 1): https://www.wallstreetdaily.com/2011/04/25/zipcar-inc-stock
[7] The Dollar Falls Out of Bed: http://thetechnicaltakedotcom.blogspot.com/2011/04/dollar-falls-out-of-bed.html
[8] Market Update July 1, 2011: http://www.mydividendstocks.com/2011/market-update-july-1-2011
[9] Cheung Kong (HLDGS): http://www.wikinvest.com/stock/Cheung_Kong_(HLDGS)_(HKG:1)
[10] Wikinvest: http://www.wikinvest.com
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