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.
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.
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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