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Showing posts from July, 2011

Do you see what I see?

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EEI FPH FLI FLI has broken the neckline of an inverted head and shoulders today at 1.28 which hopefully signal a bullish reversal. If my projection is correct, I am seeing at least a 30% minimum upside. That is if it could break it's immediate (stronger) psychological resistance at 1.30. It still amazes me how patterns reoccur as if by instinct. What's more interesting is the underlying psychology. We do wear our hearts on our sleeves. It only takes a few patterns to figure that out.