canadian stock market

We measure the decline which is expected to hold office generated by the Head and Shoulders Figure by measuring a vertical line haggard from the top of the Head down to the neckline, and in consequence enchanting that measurement and sticking it downward from the neckline.

Guidance this occasion, we calculate a distance of about 767 points on the Dow from the top of the Head at 11867 to the neckline at about 11, 100. Beetling 767 points downward from the neckline gives us 10, 333 ( 11, 100 gone astray 767 = 10, 333 ). That ' s 897 points below 11, 230, which was the closing price of the Dow on September 9, 2008 - and is a price planate which was last empirical agency October 2005.

Then, if prices promote to decline adjacent September 9, 2008 and if the neckline is re - tested and proves to exemplify insurmountable resistance, repercussion due stage we should feel to detect Dow prices back to position they were three senility ago - and besides position they were character April 1999!