Judged Head/Shoulders
Lessons looking at their patterns since 1965:

1) They occur relatively frequently.  If Peerless was already on a Sell, these
patterns reinforced their bearishness.  None of these patterns acted to reverse
an active Peerless Buy Signal. 

2) When the IP21 is still above +.10 when they break below their neckline,
they soon recover and do not go much lower.

3) Expect lots of support from a rising 65-dma.  A H/S Pattern that is
completed above the 65-dma usually does not break that support on
the first decline.