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kgoodrich

02/07/06 7:15 PM

#19047 RE: SEBASS #19046

Hello Sebass
It looks like TERNE is in for some luck after all. So says the weekly an monthly view. The weekly says you should also have some growth because of the ADX crossing. Careful though because it looks like the aroon down will become the dominant possessor of the high ground in short order. The aroon up is not too far from that level of decision either and may shoot for the high ground too for a double diamond crossover. That is what you will need to see Sebass. Good luck.







Snap Hook

02/07/06 8:19 PM

#19048 RE: SEBASS #19046

Here is where I might anticipate an inverted H&S to form. Remember that trying to anticipate chart formations can lead to big trouble. Let the chart tell you where to go because you sure can't tell it where to go. Watch for the formation, but don't think a break of the neckline is a sure thing until it is a done thing.

The right shoulder is showing very light volume just like it should. If the break occurs, be certain to check the volume, because if the volume is not there, the break may likely fail.