 Thank you very much; you're only a step away from downloading
your reports.  Finance and Trading Terms Explained: What Is a
Head-and-Shoulders Pattern?    Even professional traders and
investors can't always speak the language of colleagues working
in a different segment of the financial world. With that in
mind, we've introduced this weekly column, looking at one
esoteric or potentially misunderstood finance or trading term
every week. After bringing you "carry trade," "contango," and
"reflation" in past columns, we'll now focus on a term from the
world of technical trading: the head-and-shoulders pattern,
sometimes shortened to HASP.  What Exactly Is the Head-and-
Shoulders Pattern?  The short answer: It's a pattern in an
asset's price movement that literally looks like a head and
shoulders on the asset's price chart. The pattern is important
to traders because it generally signals a drop in price. We
asked Braden Perry, COO of the broker dealer Kennyhertz Perry,
to help explain what this means. As he told