Comments on: Head and Shoulders continues to form http://www.fusioninvesting.com/2009/12/head-and-shoulders-continues-to-form/ Fusing Fundamental and Technical Analysis with lashings of Behavioural Finance. Investing in Australia and North America. Thu, 02 Feb 2012 06:57:27 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Dean Morel http://www.fusioninvesting.com/2009/12/head-and-shoulders-continues-to-form/comment-page-1/#comment-1385 Dean Morel Mon, 30 Nov 2009 22:59:21 +0000 http://www.fusioninvesting.com/?p=4152#comment-1385 "TRADING momentum in Australian companies has softened significantly in the past two months, meaning the nine-month rally may be ending. Less momentum in the S&P/ASX 200 Index indicates less demand for the stocks that make up the index, according to Robert Brain, a private trader, consultant and secretary of the Melbourne chapter of the Australian Technical Analysts Association. ''Even though the index might be moving higher or moving in a sideways pattern, the falling momentum indicates that the market in general is getting weaker - we call this bearish momentum divergence,'' he told BusinessDay." http://www.theage.com.au/business/market-heading-for-fall-analyst-says-20091130-k1bk.html “TRADING momentum in Australian companies has softened significantly in the past two months, meaning the nine-month rally may be ending.

Less momentum in the S&P/ASX 200 Index indicates less demand for the stocks that make up the index, according to Robert Brain, a private trader, consultant and secretary of the Melbourne chapter of the Australian Technical Analysts Association.

”Even though the index might be moving higher or moving in a sideways pattern, the falling momentum indicates that the market in general is getting weaker – we call this bearish momentum divergence,” he told BusinessDay.”
http://www.theage.com.au/business/market-heading-for-fall-analyst-says-20091130-k1bk.html

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