"Head and shoulders" is a brand of shampoo for people with dandruff.
In Feb. 06, TA people were talking about "island clusters" with the BHP price chart at around $23.50, stating that it was bearish.
It was merely hedge funds testing the IP (industrial production) support levels. They lasted a few weeks with their test (compared with a longer time frame in March 05 and Oct. 05).
This time around, (last week) they lasted 24 hours.
For the first time in over 15 years, all major OECD nations are having economic growth. Try factoring that into 'charts'.
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xjo head + shoulders., page-9
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