Wednesday, July 09, 2008

Inverted H&S?






It's looking more and more like the Q's want to pullback and trace out some sort of a sloppy inverted Head and Shoulders Pattern. The first chart is a 30-min and the rest are 3C 1-5 min showing the negative divergences indicating selling pressure in the short term-pullback. Lots more 3C charts below. 3C is my own custom accumulation/distribution indicator created using TeleChart's Custom Indicator functions.

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