Almost there - the largest head and shoulders top ever seen or recorded in the history of the DJIA is almost done forming.
http://stockcharts.com/charts/historical/djia1900.html
Notice: if the right shoulder forms, and gives way, the next resistance would be DOW 4000.
That said, we could go to 11,200-12,000 before the right shoulder is fully formed. Or not.
Plenty of time to build short positions. Maybe.
Still a doubter?
Monday, April 12, 2010
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