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REV HEAD & SHOULDERS  |  October 23, 2003
Gap Inc. Tracing Out Reversal Head And Shoulders Pattern
Gap Inc. (GPS) was featured on September 25 with a rising flag (magenta trendlines). The stock broke rising flag support to signal a continuation lower, but suddenly found support at 17 and then advanced to around 20. The flag failed to produce the expected decline, but a head and shoulders pattern is shaping up that could result in further weakness.
by Arthur Hill

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