The Mother Of All Head And Shoulders

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Monday, January 30, 2012 The Mother Of All Head And Shoulders Reader Josh Clark writes in to protest our discussion of the S&P "Golden Cross." For technical analysis to have any use, it can't just be based on moving averages which any old computer could identify, but rather it requires human observation. And to that end, he sent us this chart, which shows that not only is the market currently in a mini "head and shoulders" pattern, this head and shoulders pattern is in itself the second shoulder in a larger pattern, which apparently means the market is doubly doomed! Or not! Read » Also On Money Game Today: Everything You Need To Know About The EU Summit That Just Ended With A Whimper This Should Help End Fears That The Recovery Is Ending NIALL FERGUSON: Okay, I Admit It—Paul Krugman Was Right EL-ERIAN: 4 Reasons The Future Of The Global Economy Rests 'On A Knife's Edge' Advertisement CHART OF THE DAY: 'Core Economic Growth Slowed Sharply In Q4' CHART OF THE DAY: A Completely Random Correlation That Tells You Everything About This Market CHART OF THE DAY: Why Is The Baltic Dry Index Getting Crushed? Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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