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Technical Pattern on Dow

Posted by sonicwave 
Technical Pattern on Dow
October 04, 2013 02:54PM
Do you guys see a reverse H/S pattern on the Dow weekly chart over past 6-9 months? I keep seeing it myself but don't really hear anyone talking about it. It makes me believe that if the pattern holds that the market will head down to 14k or so. I would appreciate if anyone seems a similar pattern and could help if something I think I see is off base.
TCB
Re: Technical Pattern on Dow
October 04, 2013 07:30PM
It appears like it might be with the neckline in the area of around 14800, and the way I understand that if it breaks the neck line further downside should be expected.
Re: Technical Pattern on Dow
October 08, 2013 08:01PM
neckline broken today as far as I can tell
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