Could it be an Inverse Head and Shoulders pattern setting up H00ts? I'm not all that familiar with the H&S pattern rules! I guess it would be hoping/expecting a bit too much for the XJO to go back up to the 6265 level all that quickly. Although Xmas is getting pretty close now. Ouch! I just spotted the 50SMA and 200SMA "Death Cross". I hope that doesn't spook the Instos and Fund Managers too much. Still hoping for a Xmas rally.
Hot Copper Charting and Chat, page-229
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