First Ever ‘Technical Analysis Challenge’
By Dr. Paul Price of Market Shadows
The DJIA has been moving like a yo-yo since early May. Even I can see a ‘head and shoulders’ pattern in the chart below. Of course, it is never hard to predict the past. The future is more difficult to forecast.
Consider this an open invitation to all TA’s … Please tell us what the market will do over the next one, three and six months.
Anyone putting a correct answer here in the comments section or on my Markets Shadows site will be rewarded appropriately and will be officially recognized by a ‘fundamentals’ guy.
Please… no weaseling. Don’t tell us that the market will go down if it breaks through support and that it will be headed higher only if it breaks above September’s all-time peak. That would be looking backwards once again.
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