Tuesday, August 6, 2013

Head and Shoulders

Date          Close
===========  ===========
Aug 7, 2013  15,470.67 Right Valley (E)
Aug 6, 2013  15,518.74
Aug 5, 2013  15,612.13
Aug 2, 2013  15,658.36 Head (D)
Aug 1, 2013  15,628.02 
Jul 31, 2013 15,499.54 Left Valley (C)
Jul 30, 2013 15,520.59
Jul 29, 2013 15,521.97 
Jul 26, 2013 15,558.83
Jul 25, 2013 15,555.61 
Jul 24, 2013 15,542.24 
Jul 23, 2013 15,567.74 Left Shoulder (B)
Jul 22, 2013 15,545.55
Jul 19, 2013 15,543.74 
Jul 18, 2013 15,548.54 
Jul 17, 2013 15,470.52 
Jul 16, 2013 15,451.85 Low after previous high (A)
Jul 15, 2013 15,484.26 Previous High
Jul 12, 2013 15,464.30

The head-and-shoulders pattern is almost complete.  All we need is the Right Shoulder and then a low below the Right Valley.

Update: Modified Aug 7.

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