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Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01507025
Message ID:
01507050
Views:
67
>>>Just a friendly warning. The markets are forming a double-top & inverse head & shoulders.
>>>http://finance.yahoo.com/q/bc?t=3m&s=%5Edji+%5Egspc+%5EIXIC+%5ERUT
>>>
>>>This is not yet confirmed but I suggest all investors tread very carefully.
>>
>>Well, gosh -- a double-top and inverse head and shoulders. That would probably scare the daylights out of me if I had any idea what it meant ;-)
>>
>>In English maybe?
>
>Google is your friend, funny man. ;)
>http://www.investopedia.com/terms/d/doubletop.asp
>http://www.investopedia.com/terms/i/inverseheadandshoulders.asp
>
>Note: These are contradictory signals which both point to a big move, one way or another. Thus, my warning.

Google gets way too much of a workout here already IMO. Hence my question, since you are the one who posted.

Here is what I found for double-top: “A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop.”

And for inverse head and shoulders. (God, that sounds lewd). This is sort of in English, assuming you have a degree in econ or finance –

"What Does Inverse Head And Shoulders Mean?
A chart pattern used in technical analysis to predict the reversal of a current downtrend. This pattern is identified when the price action of a security meets the following characteristics:

1. The price falls to a trough and then rises.
2. The price falls below the former trough and then rises again.
3. Finally, the price falls again, but not as far as the second trough.

Once the final trough is made, the price heads upward toward the resistance found near the top of the previous troughs. Investors typically enter into a long position when the price rises above the resistance of the neckline. The first and third trough are considered shoulders, and the second peak forms the head."

(end Googled citations)

Yes, I am indeed a funny man. Lucky you! ;-)
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