The Prague SE index has since 3. quarter 2009 traced out a major Shoulder/Head/Shoulder top. The right shoulder is just about to end. The interesting thing is, that the right shoulder is possibly ending with a minor S/H/S-top too. A breake below 1,212.19 (minor neck-line) will confirm the top for a decline towards the long term neck-line at 1,081.92. A break below 1,081.92 will activate the big S/H/S top for a decline towards 850.79.Thursday, February 10, 2011
Prague SE Index - Topping?
The Prague SE index has since 3. quarter 2009 traced out a major Shoulder/Head/Shoulder top. The right shoulder is just about to end. The interesting thing is, that the right shoulder is possibly ending with a minor S/H/S-top too. A breake below 1,212.19 (minor neck-line) will confirm the top for a decline towards the long term neck-line at 1,081.92. A break below 1,081.92 will activate the big S/H/S top for a decline towards 850.79.
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