Monday, July 5, 2010

A Very Bearish Pattern Progresses

A technical report from the mysterious stockmarket618:

DOW weekly chart Fri July 2 inclusive showing the head and
shoulders forming within the megaphone wedge pattern mentioned many times now.

It’s just started to break out of the megaphone wedge and target
for this leg down remains in the 8,300 area. Target will be updated
as this very bearish pattern progresses.


  1. C'mon RW, just admit that you are stockmarket618. Tony Stark came clean, so can you.

  2. I missed the post which explained why stockmarket618 is worth listening to/following? Is it because he's mysterious?