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HEAD & SHOULDERS  |  February 27, 2004
Kellogg Co. Shows A Head And Shoulders Bottom
The head and shoulders formation is the most intuitive bottoming or topping out pattern. In it, the weaker of the bulls and bears prior to the pattern wins the post-pattern battle. On the strength of this pattern Kellogg Inc. is set to touch $43 in the medium-term.

by Ashwani Gujral

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