Saturday, August 29, 2015

[JNK] clear H+S breakdown

In the backlink JNK was on the neckline with the expectation of breaking down:


Since then, a stinger of selling pierced the neckline before emergency efforts jumped in to control the panic.  The first attempt to stop free fall has brought the chart back above the neckline, very similar to Intel.  I think this is also a 1-2-1-2-and soon to be 3.  If this model turns out to be correct, it's very likely to happen quickly in time, not dissimilar to the 2009 experience.


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