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Strategies & Market Trends : Ask DrBob

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To: longdong_63 who wrote (33104)5/9/2001 6:00:39 PM
From: Louis V. Lambrecht  Read Replies (2) of 100058
 
ld - 'bout H&S, cups and handles

Theoretically, the price should have printed >2% above the neckline before retreating or whipsawing.
Didn't. This should negate the H&S.
Shoulder or handle also should make 25% or 33% of the time the cup or head did.
A bit short of this also.

But the rising wege with a MACD divergence on the Nasdaq is real.
Same price congestion and MACD divergence as last half of January.
I keep 2020ish as a break signal on the COMPX.
With the current sluggish volumes, we could still have surprises till next Tue.
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