We also pointed out that there was no short term support below 560, so when the price cracked that level there was nothing to hold it up.
Dow Jones Software Sector Index Weekly Chart:
Thursday, October 9, 2008
Software Sector Index: Head & Shoulders
Head and Shoulders patterns abound everywhere and many are closing in on their targets. Below is the Software Sector pattern we talked about several months ago on our conference call. The neckline did break and the pattern is working out nicely.
We also pointed out that there was no short term support below 560, so when the price cracked that level there was nothing to hold it up.
Dow Jones Software Sector Index Weekly Chart:
We also pointed out that there was no short term support below 560, so when the price cracked that level there was nothing to hold it up.
Dow Jones Software Sector Index Weekly Chart:
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