Tuesday, April 22, 2014

COMP: Head and Shoulders if we fail at the 50 dma

This is 1 scenario that could play out.  If we get to the 50 dma @ 4224 and fail, that would be the right shoulder coinciding with the left shoulder that happened on 1/22/2014.  

If it happens at the end of this week, the "sell in May" crowd is going to be especially loud and this bearish pattern would help their argument.

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