Sat, May 18, 2013, 4:23 PM EDT - U.S. Markets closed
It has formed the "Head & Shoulders" pattern, which is bearish. SELL! SELL! SELL!
Is today another Head and shoulders pattern? 9-9-09. Thanks.
The big drop for Sept. Banks are going to get hammered! Pulled out $25,000 in 401K to safe place.
Technical analysis (other than trying to define the channel it is trading in) on this stock is worth about as much as you are going to pay to read this post. However, it is going lower, along with the rest of the market.
I hate to agree with YOU because most of your posts are ridiculous, but I noticed the head and shoulders pattern today as well. Definitely bearish.
Just goes to show how much we all know. That pattern is only correct when a stock is in an uptrend, and GME wasn't.20/20 Hindsight.
Not a good day. Is this the start of the big sell off that some people have been talking about?