Hog trend up, watch red and green lines

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An inverted head and shoulders is a “bottoming” or bullish formation which may occur toward the bottom of a long decline.  The picture is the opposite of a head and shoulders top, featuring a left shoulder decline, then a rally, then a sharper decline forming the “Upside-down Head” which depicts the final bottom of a long decline. The right shoulder follows, then an acceleration in upward direction leaving the sillowet of a person standing up-side down.  Higher volume should occur on the rallies whereas volume should drop during price declines in order to confirm this formation.

Regards,

Walt Breitinger, Paragon Investments, Inc.
DBA Breitinger & Sons,  Commodity Futures Brokers
800.411.FUTURES (3888)
www.indianafutures.com