Replies to post #7464 on MDA - Market Direction Analysis (MDA)

[Tom K]

I hate to be the big party pooper, but I've always thought extravagant chart patterns like the H&S are usually worthless. Everytime i've had the pattern pointed out to me, the outcome has been less than prophetic. Seriously, how profitable is the subsequent move after a neckline break anyway? It's like telling a friend "I see a shooting star" and by the time they turn around it's over.

[positiontrader]

Deuce,

I have been talking about that inverted head and shoulders pattern with a distorted right shoulder now for months.The volume is certainly coming now.

Regards

Marc