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.
at 10:14:00 AM

3 comments:

  1. Bob MurphyJuly 5, 2010 at 10:24 AM

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

    ReplyDelete
  2. Bob EnglishJuly 5, 2010 at 1:36 PM

    I suspect he is Australian.

    ReplyDelete
  3. Taylor ConantJuly 6, 2010 at 10:59 AM

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

    ReplyDelete

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