How Safe Are Your Technology Stocks ?Posted: June 16, 2013
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.
Going forward a very similar H&S Top formed between Aug and Oct 2012 which broke and a 12% drop followed
Fast forward June 14th, 2013 guess what pattern formed this time? Yes!! its the Head & Shoulder Top that did not break……yet
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
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