ajtj99's Market Pulse

[Newly2b]

The controversy here is the same as on the OEX. H&S is a topping formation and trend must rise up into the pattern, which means the 1275.8 high must be preceded by a trend rising up from below the neckline or you have no left shoulder, just like this:

http://www.chartpatterns.com/headandshoulders.htm

No rise, no left shoulder, no H&S, simple as that.

Newly