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BROADENING FORMATION  |  August 21, 2009
The Broadening Formation On The S&P 500
In an article I wrote in July 2009, I addressed the need for closure in order to confirm the complex head & shoulders pattern that was setting up. That pattern failed due to an 11th-hour decision to change course by the bulls. So the deal was never officially sealed on that particular reversal pattern. But since then a new bearish pattern has formed. Or has it?

by Ron Walker

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