Major Indices: “Looking UGLY, Billy Ray!”

Ron Griess of The Chart Store recently mentioned to me that “one of the most bullish patterns around was a failed Head & Shoulders.

Those comments are appropriate this morning, as we may soon find out if those H&S’s on the major stock indexes fail or manifest themselves as bearish signals.

Nasdaq, S&P, Dow Jones charts below.

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Nasdaq Daily 2008-10

Click for larger charts

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S&P500 Daily 2008-10

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Dow Jones Daily 2008-10

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