is it forming an ugly head and shoulders, page-100

hi chalea.
thanks for the heads up on the triple macd bearish divergence on the asx 200 chart.
i had to go back in time to look for a triple macd bearish diverence in the asx 200 and to see what was the market reaction after the divergence.
as you can see from my chart there was a retracement down to the 61.8% fib in august 07.
time will tell if this divergence plays out or not.

have a good one.

582