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Re: pennies2007 post# 120507

Monday, 07/29/2013 10:22:23 AM

Monday, July 29, 2013 10:22:23 AM

Post# of 140146
pennies......had to take my son to band camp or I would've replied sooner.

I am unable to put any kind of a firm wave count to either the daily or weekly chart myself and I was hoping you could where I was at a loss to. However the patterns are probably more important anyway, so your chart here helps.

Now I can see what looks to be an inverted H&S pattern forming but I'm not sure which trendline you are referring to when you mention "first trend line" for the neckline. You don't mean the topmost line do you? Or maybe you do since that's a major point of resistance that price must break above before the pattern can evolve further as I see it.

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