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Everybody loves the HEAD AND SHOULDER pattern

|Includes: AAPL, SDS, SPDR S&P 500 Trust ETF (SPY), SPY, SSO

Everybody loves to find the head and shoulder pattern. Let's say they found it. If you are long or need stocks to go up to retire this head and shoulder you will not like. You take the height of the pattern and subtract it from where it broke down. So, 1220 less 1041 gives you 179 points. You subtract 179 from 1041 and you end up with 862. Ouch. I illustrated this for you in the chart below.

People love the head and shoulder pattern. THEY LOVE IT!!!  I say give the people what they want.

Click to enlarge



Disclosure: long sh, dxd, skf