AMEX:XOP   SPDR S&P OIL & GAS EXPLOR & PRODUCT
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After 2008 top with a H&S formation, price of XOP             plunge to channel bottom and consolidate in a multiple bottom before launching an uptrend.
I though i see yet another H&S forming and price tumble in a narrower downtrend channel , again, seems like a ugly consolidation again just above the many supports.

Hence i ask myself, could the multiple mess in 2009 bottom resurface again...
yes it can...and will.
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jangseohee claydoctor
:-)
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