Blog - Tiger Software

   HOW HEAD AND SHOULDER PATTERNS FAIL

                                          Daily Chart Head and Shoulders' Patterns in the DJI
                           Fail to Produce Declines Only 10% of The Time.
                          Here Are Some of Their Main Failures since 1915.
                                         There Are Not Many Failures.
                                                    

                                                                     July 6. 2009    

                                             William Schmidt, - Tiger Software's Creator
                                      (C) 2009 William Schmidt, Ph. D.  - All Rights Reserved. 

                                            No reproductions of this blog or quoting from it
                                           without explicit written consent by its author is permitted.

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            A head and shoulders pattern is more likely to fail if the P-Indicator stays positive.
            We know it it has failed  when it exceeds the apex of its right shoulder.  Even then,
            that does not always mean the stock will resume a bullish uptrend.                            


                                                      1935

                                                                       1943

 
                                                                 1954-1955


                                                            1958



                                                                        1985


                                                                        1985-1986



                                                                                 1996


                                                                    2004-2005