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Friday, May 4, 2012

Random Walk, My A$$

~reposted from

As we close precisely on the trend line between the Oct 27 high (which kicked off a 112-pt Inverse Head & Shoulders pattern) and the just completed (for the 2nd time) Head & Shoulders pattern, I'm struck by how little fundamentals have come to matter.

Oh, and for any Fibonacci haters out there, check out the time and price relationships between the two patterns.

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