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Friday, August 22, 2008 8:51:50 PM
Good evening Connie... PCBK Annotated Chart:
If this pattern is a Head and Shoulder bottom, the PPS will touch the red line on the chart shown as the Neckline of the H&S pattern; if this is a Cup and Handle the PPS will either close the gap or bounce off of the blue support line @12.
Link for the cup and handle pattern info: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont
Link for the Head and Shoulder pattern info: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b
If this pattern is a Head and Shoulder bottom, the PPS will touch the red line on the chart shown as the Neckline of the H&S pattern; if this is a Cup and Handle the PPS will either close the gap or bounce off of the blue support line @12.
Link for the cup and handle pattern info: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont
Link for the Head and Shoulder pattern info: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b
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