Wednesday, March 10, 2010

Can Employement Ratio Form Patterns?



Below is the chart of S&P(Red) alongwith the US Employement ratio(Blue) since 1962. What we can clearly see is the formation of a Head & Shoulder pattern since 1987. Though the pattern formation has taken many years, its peculiarity is to notice the sharp fall on the break of the neckline. Below 62.5 % you knew where the US Employement Ratio is heading to...

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