08/17/10 - Slicing the Neckline: A Classic Technical Pattern Agrees with the Elliott Wave Count

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Home > Commentary > Elliott Wave International > 08/17/10 - Slicing the Neckline: A Classic Technical Pattern Agrees with the Elliott Wave Count

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08/17/10 - Slicing the Neckline: A Classic Technical Pattern Agrees with the Elliott Wave Count

Robert_Prechter_80x100

By EWI Editorial Staff

In the August issue of his Elliott Wave Theorist, market forecaster Robert Prechter alerted readers that the U.S. stock market was slicing the neckline of a classic head-and-shoulders pattern in technical analysis, and that this may send the market into critical condition.

Prechter said that when the Elliott wave count and a head-and-shoulders pattern are saying the same thing about the stock market, it's best to pay attention. Read more.

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