Hi, it's Gary again with another quick companion tag-along to a post by TK. Regarding his one caveat about SKF's inverted H&S, the financials etf XLF tells us not to be too concerned as it sports a lower right shoulder of its own, which is bearish. Also important is the slope of the neck line and it is sloping down. There is no actualized H&S however, until the neck line is broken. I am, by the way short the financials via RFN. This is one of the shorts I am riding against my gold stocks.
