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If anyone has read the book Technical Analysis of Stock Trends by Edwards and Magee, you will know to what I am referring. If not, you may think I am nuts. But you would be the nutty one for not having it on your bookshelf. QQQQ had formed what looked to be a perfect head and shoulders bottom on the intraday chart.

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com