For today's chart we've chosen to take a look at AIG because it is quickly approaching the neckline of a well-formed head and shoulders pattern. As you know, this technical chart pattern is often used by traders to predict a major shift in the direction of the current trend, and it is generally deemed to be very reliable. Once the bears push the price below the neckline, we'd expect to see AIG start to drift toward the support of the 200 DMA (currently near $63).



AIG_030106.jpg

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