How Safe Are Your Technology Stocks ?

Do you believe in the statement “History repeats itself”? You probably do if you trade through technical analysis so lets look back at history.

As shown in the chart below, between Feb and May 2012 A Head & Shoulders Top formed broke down and a 8% drop followed.

"Head and Shoulders", "Head & Shoulders", H&S Top, Topping, "Topping pattern"

First Head & Shoulders pattern

Going forward a very similar H&S Top formed between Aug and Oct 2012 which broke and a 12% drop followed

"Head and Shoulders", "Head & Shoulders", H&S Top, Topping, "Topping pattern"

Second H&S Top

Fast forward June 14th, 2013 guess what pattern formed this time? Yes!! its the Head & Shoulder Top that did not break……yet

"Head and Shoulders", "Head & Shoulders", H&S Top, Topping, "Topping pattern"

Third H&S Top

Right now you are definitely wondering what is the mystery chart?
JOIN Me here again tomorrow Monday one hour before the market opens and I will tell you for FREE
I ask you to please share this post, like it, tweet it or comment because I want the maximum number of people to know

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One Comment on “How Safe Are Your Technology Stocks ?”

  1. […] 1 of this post was back in June here, where I pointed out that for the third time in a row IYW formed a H&S Top. Target was achieved […]


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