How Safe Are Your Technology Stocks ? Part 2Posted: August 21, 2013
Part 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 with a clean breakdown and no pullbacks. Currently, a smaller than usual 3-week H&S Top is forming for the FOURTH time! Neck at 77.50 and initial target is 75.60. Risk to reward ratio may not be that great though, but you never know maybe this will be a minor reversal top that starts a major bear trend.