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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Wednesday, May 7, 2008

DIA trend, GOOG & AAPL H&S patterns

The current uptrend on the DOW is hitting a retracement level. It is uncanny how the channel lines give us price levels for trading.
GOOG may bounce off the $61o level and fill the gap up from $500 or one could view the forming of a H&S pattern topping here and back to $420 GOOG goes.....
AAPL may be forming an inverterd H&S pattern and could finish the run to test new highs only to fall back to the $160 level.
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