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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Thursday, March 22, 2012

Inverted head and shoulders pattern has run its course toward 1414

for education purpose:

on Mar 12 member real time update, i presented the bullish inverted head and shoulders pattern with the right shoulder at 1366.

and on Mar 19, the Inverted head and shoulders pattern has run its course toward 1414as i presented the upside measurement.
a typical and perfect IHS pattern.

besides the IHS, there are other considerations.
so far, market is performing exactly the same expectation as i listed in the Mar 18 weekend report.