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Strategies & Market Trends : Classic TA Workplace
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To: Perspective who wrote (134624)7/21/2006 3:39:38 PM
From: skinowski   of 209892
 
Oops... Yeah, a very dangerous looking chart. But as I mentioned just now (in a post to Brian), it is still possible to have an acceptable bullish interpretation.

Otoh, of course, this may have been an evolving series of 1's and 2's... and things can be dangerous. I will watch the reaction from whatever low OIH is trying to make... and will try to be out or hedged (or short) if it breaks down.

edit - recall that failure to follow through on an H&S breakdown is often a superb continuatioon entry. Interesting juncture here.
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