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Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01507025
Message ID:
01507052
Views:
64
>>>>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! ;-)

In other words, mindless drivel that lemmings will use as panic material.
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Don't Tread on Me

Overthrow the federal government NOW!
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