S&P 500 9/5/10
The S&P 500 closed up Friday, September 3, above the resistance level of 1,100. If the SP500 can hold this resistance, the next level of resistance is the 200 day moving average of 1,120 and then 1,140.
The resistance at 1,140 is also the right shoulder of a head and shoulders patter, which has not been [...]
LPSN - Live Person - Head and Shoulders - Short
Live Person - LPSN - has been creating a head and shoulders pattern. It this stock drops below the neckline, around $6.00, the head and shoulders pattern will be complete. The target for live person (LPSN) would be $3.00. This is calculated by subtracting the head ($9.00 during mid April) from the neckline ($6.00) which is [...]
Is the Dow Jones Industrial Average Head and Shoulders Chart Pattern Broken?
The Dow Jones had two resistance points to cross through to break the current head and shoulders patter that it is currently in (the above chart is of DIA which is 1/10 of the DJIA).
The first resistance was the 200 day moving average at 10,370. The next resistance is the right shoulder of the head [...]
Head and Shoulders - Stock Chart Pattern
A head and shoulders stock chart pattern is typically defined as:
An initial peak (left Shoulder) preferrably with higher volume
A second higher peak (Head) preferrably with lower volume.
A third peak (right Shoulder) preferrably with lower volume.
The price must break through the neckline to complete the head and shoulders stock pattern.
Ascending, descending or flat neckline is drawn [...]
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