Wednesday, October 8, 2008

Internet Sector H&S Revisted

A week or so ago I posted the Internet Sector Index Weekly chart showing that the neckline of the Head and Shoulders pattern had been breached and that the target might take several months to reach.

This morning it was actually half way there! Keep an eye out for these patterns as I have yet to see a Head and Shoulders or Reversal Head and Shoulders work lately. They are very strong patterns with high probability of reaching targets.

Internet Sector Index Weekly Chart:

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