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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.”

[2]

Source: dshort.com [3], April 27, 2011.

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More on this topic (What's this?) [5]
Zipcar Inc: Steer Clear of the “Winner’s Curse” (Part 1) [6] (Wall Street Daily, 4/25/11)
The Dollar Falls Out of Bed [7] (Comments for thetechnicaltake, 4/28/11)
Market Update July 1, 2011 [8] (Dividend Stocks, 7/1/11)
Read more on Cheung Kong (HLDGS) [9] at Wikinvest [10]

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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

[4] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US

[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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