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Post# of 89565
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WHIPSPLASH

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WHIPSPLASH

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Re: timhyma post# 89468

Monday, 01/23/2006 12:44:17 PM

Monday, January 23, 2006 12:44:17 PM

Post# of 89565
Yeah tim, bought CALM Friday on the downtrend breakout. Sorry, no target but I think .09 to .12 is a given. From there who knows but if you look at a 1 year chart you can see that if it runs to .12 then pulls back to .07 you've got an inverted H&S bottom, but you'll never know that until it breaks above .12 after the .07 shoulder.
That's the thing about H&S patterns, you can only confirm the pattern after the it's complete.
If the inverted Head & Shoulders pattern actually did complete, I don't know why it couldn't go back to .42, last years high in March.

WHIP
Control losses. Protect gains. Take profits relentlessly!

Sand Harbor on the east shore of Lake Tahoe

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