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Re: rtb_all_american post# 6134

Wednesday, 10/12/2005 4:55:47 PM

Wednesday, October 12, 2005 4:55:47 PM

Post# of 44374
rbt in all exmples for H&S CFM is way in green FOR A LONG TIME BEFORE RIGHT SHOULDER FORMS. Usually from head to right shoulder. GTE is way in red so IMO its a head & shoulders is a fake. Few more candles and we will see true TA for GTE.
I see two options:

1.Confimation of H&S by change in CMF and volume which i don't see cause it would have to start from head and it's past right shoulder now. IMO that's not H&S but what do i know.

2.Invalidation of H&S with 2 more red candle sticks and negative CMF. Based from GTE history all pennants were fake so if you roll dice i would bet on that.

Can you post a chart if you don't mind pointing that those indicators you mentioned show possible pop. I see 3 day drop in PPS not what you see. Interesting !!

Like i said if PR comes out it will change any TA and I'm just posting my opinion Testsite1.

And as Jack always says: "You can't handle the truth! Son"

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