Gold Fields Ltd. (GFI)

Honeywell International Inc. (HON) - Double-Top ?

Dow Jones 06/12/2007

Dow Jones 28/11/2007 to 04/12/2007: Head & Shoulders

Over the last 5 trading sessions, the Dow has seemingly charted a bearish Head & Shoulders formation. A break below the Neckline support at the 50% Fibonacci retracement level confirms the formation with a price target towards 13,000. With declining oversold stochastics signalling a bullish crossover, price action above the 200-day moving average may invalidate the formation.

FTSE 100 Fibonacci Retracements: 03/10/2005 to 18/06/2007