Tuesday, January 11, 2011

Both Head and Shoulders GLD and FXE

Both Head and Shoulders on the GLD and FXE still intact but the GLD came close to breaking down, 135.3 looks to about where the neckline will be tomorrow so as long as we don't close above this the head and shoulders will still be in play. The FXE or the euro/dollar play not only has a head and shoulders but a bear flag (shown in blue on the 1st chart)  forming. I have no trades base on these charts and consult a professional stock consultant before doing any trades.

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