Robert Prechter: Weekly Dow Chart Shows Bearish Head-and-Shoulders Pattern

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Robert Prechter: Weekly Dow Chart Shows Bearish Head-and-Shoulders Pattern

This month, Robert Prechter alerted his subscribers of a classic head-and-shoulders pattern shaping up on the weekly chart of the Dow.  If you’re into technical analysis, check out the guest article below that we are re-syndicating, which includes a chart and description of the pattern… — Robert Prechter: Head-and-Shoulders Pattern in Weekly Dow Chart August 17, […]

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Richard Russell: Expect Severe Downside Action in Stocks if This Happens

Richard Russell’s not in the mainstream news that often – so when he is, my interest is certainly piqued. To my knowledge, Russell has been short term bullish throughout much of this reflation/retracement rally.  It looks like he’s close to donning his bear cap, though. Bloomberg reports: “If the May 7 lows are violated by […]

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