News Focus
News Focus
Followers 46
Posts 2687
Boards Moderated 0
Alias Born 10/11/2003

Re: FinancialAdvisor post# 1837

Thursday, 01/27/2005 1:05:56 AM

Thursday, January 27, 2005 1:05:56 AM

Post# of 25966
FA, oh my God, that is NOT a H&S - the two shoulders need to be nearly identical in appearance/height (not the case here, not even by a mile), and the left shoulder can ONLY be built after a decent/prolonged rally (and certainly CANNOT be that huge [bear] market bottom in Oct/02-Mar/03), the neckline needs to be horizontal / nearly horizontal (not even close), and most important, either Shoulder CANNOT be higher than the Head (as you have it) - CANNOT; otherwise is NOT a H&S.

Read Edwards & Magee for christ's sake before you start spouting T/A nonsense.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today