The uptrend since mid February 2009 is showing the first serious signs of collapsing. At the same time a minor Shoulder/Head/Shoulder top might be building. To activate the top-formation we need a break below the neck-line at 46,643. If the neck-line breaks we might "just" see a decline to 45,167, from where an other right shoulder could form, but longer term the decline should be much deeper = 37,815 (at least).Friday, February 11, 2011
Polish WIG 20 - Topping?
The uptrend since mid February 2009 is showing the first serious signs of collapsing. At the same time a minor Shoulder/Head/Shoulder top might be building. To activate the top-formation we need a break below the neck-line at 46,643. If the neck-line breaks we might "just" see a decline to 45,167, from where an other right shoulder could form, but longer term the decline should be much deeper = 37,815 (at least).
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