🧠 Grasp the 🤵 Head-and-Shoulders Bottom 🍑 in 🧮 AQR Risk Parity 💰 2016
📊 Technical Analysis 📈 of the profitable 📈 Uptrend ⬆️ in the 🧮 AQR Risk Parity Fund 💰 (AQRNX) during November 2016, which occurred after a "Head-and-Shoulders Bottom" or "Three Valleys Bottom" Chart Pattern on 22nd Feb 2016.
by Albert Clark
1) As It Happened: The ☺️ Head-and-Shoulders 🤵 Bottom of 22nd Feb 2016
The Head-and-Shoulders Bottom is a standard bullish chart pattern . It correctly predicted price rises in Digital Equipment Corp. (1985), Dome Mines (1941-1943), Federal National Mortgage Association (1984) and Lockheed Aircraft (1943-1944) .
On 2nd November 2007 a head-and-shoulders pattern ocurred in AQRNX:
Fig.1: Head-and-Shoulders in AQRNX. Kindly Click to Enlarge the High-Quality Sector Rotation Chart.
2) Aftermath of the Bottom: A 🐂 Bullish Uptrend 📈The result of this pattern was a profitable bull market, where AQRNX surged:
Fig.2: Rally in AQRNX. Kindly Click to Enlarge the High-Quality Sector Rotation Chart.
📝 References 📃
- ^ Schabacker, Technical Analysis and Stock Market Profits, Study II 'Important Reversal Formations', p.52-64.
- ^ Edwards and Magee, Technical Analysis of Stock Trends, Chapter 7 'Important Reversal Patterns: Continued', p.57-66.
📘 Bibliography 📗
|Edwards, Robert D.; Magee, John and Bassetti, W.H.C. 'Technical Analysis of Stock Trends'. 10th edition. Boca Raton (Florida): CRC Press, 2012, 614pp. ISBN: 978-1-4398-9819-2. Borrow or Buy: [ amazon | biblio | worldcat | abe | isbnsearch | justbooks.co.uk | gettextbooks | goodreads | openlibrary | univ. manchester | librarything ]. Landmark work in the history of technical analysis.|
|Schabacker, Richard W. 'Technical Analysis and Stock Market Profits'. 2nd edition. Petersfield (England): Harriman House, 1937 (2005 reprint), 472pp. ISBN: 1897597568. Borrow or Buy: [ amazon | biblio | worldcat | abe | isbnsearch | justbooks.co.uk | gettextbooks | goodreads | openlibrary | univ. manchester | librarything ]. Ground-breaking book in the history of technical analysis.|