gse,
I won't post an inverted H&S pattern as it is just an inversion of a H&S pattern and I don't use it anyway. Below is one longer term chart I use in conjunction with plenty of analysis of EZ markets and the economics surrounding the nineteen economies therein.
I'm having trouble still with one pet indicator that is flat lining now for three annoying months just on European stocks.
The graph below shows one set of indicators and a logical continuation line which should point to the index regaining 9k then I believe accelerate thereafter due to the fact that the Swiss franc isn't pegged to the euro any more.
Due to QE in Europe (there is evidence that the ECB will have difficulty in buying it's monthly quota of securities) I'll take profit at 9,500 and will hold remainder until later this year when I expect the index to move well beyond 10k.
View attachment 45783
I promised myself that I'd buy more at 8,700 so I'll take my holding up to 20CHF now that it looks like we're at resistance (the 10 and 35w EMAs).
Generally I don't like going into this type of analysis as readers might not understand where I'm heading or worse misread what I'm saying and what I'm not saying.
Hope you understand gse.
