Saturday, April 26, 2014
$DJIA Index Chart Head and Shoulder Formation by Anthony Calhoun......
Just wanted traders to be aware of a possible Head and Shoulders formation going on in the Dow Jones index. This is one of the strongest bearish patterns out there. With all the correction talk, and drama going on around the world I would be very careful entering any long position here. There might still be stocks that run up because of up coming catalyst and just all around market bullish on the stock, but never forget the big picture.