(C) 2017 William Schmidt, Ph.D. - www.tigersoft.com
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This is a relatively rare distribution top-pattern. It is quite bearish.
Most of these patterns seem to occur at important general market tops. You
will find many of them in 2007 and 2008 charts. There are a number of
references to this pattern in the "Killer Short Sales" and Tiger's "Closing Power" books.
Accompanying CP-divergence Sell S7s and negative (red) IP21
readings on right shoulder make the pattern more bearish.
