AIB's neckline appears to be a little more slanted than IRE's. IRE's neckline is pretty close to 180 degrees. My post on January 10th shows IRE coming up to its 200-day simple moving average similar to that of AIB illustrated below. I still think both AIB and IRE will puncture their neckline and continue their move down. However, that is not to say the pattern can become invalid as I mentioned earlier. AIB did have a 1,347% percent gain from March 2009 to September 2009. IRE, on the other hand, had a more volatile move of about 3000%.
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