Home > charting trendlines, Financial Ponzi, investing, stock charts, technical analysis > Updates: Head and Shoulder Breakdowns in F and JDSU?

Updates: Head and Shoulder Breakdowns in F and JDSU?

It may be a happy season for shorts.  CMG took a steep leg down on Friday, further cementing the breakdown from a 6 year rising wedge.  I suspect that there’s more downside, though I don’t have a strong opinion about where support lies.

Two of the Head and Shoulders patterns that I pointed out a month or two ago are breaking under their necklines.  Ford (F) appears to have done so already, although there may be some support around $9.

JDSU also appears to breaking under the neckline of its 3 year old Head-and-Shoulders pattern.

Both would appear to be decent short candidates.

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