This is an irregular and down-sloping Head & Shoulders pattern. Target is the 2006 lows upon breakage of the neck line. This shows how bad the home builders look already as the target is not much lower than the NL. It may also imply that the '06 lows will not hold and might simply be a rest stop before a real gross out occurs later in the year. Thursday, July 5, 2007
Hommies
This is an irregular and down-sloping Head & Shoulders pattern. Target is the 2006 lows upon breakage of the neck line. This shows how bad the home builders look already as the target is not much lower than the NL. It may also imply that the '06 lows will not hold and might simply be a rest stop before a real gross out occurs later in the year. 
