Friday, September 19, 2014

EMERGING MARKETS SUCK: here's what happens next

Here's a chart:

That actually is a H&S topping pattern getting drawn right now.

It is, because the right shoulder is malformed (hardly exists, actually), and the right side is where you see greatly increasing volume. Those are the two necessary characteristics for a real H&S, as opposed to the make-believe crap you get from the twopenny TAs.

Target's only about $41 or so.

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