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Strategies & Market Trends : Bottom (and Top) Pickers, Unite!

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To: Teresa Lo who started this subject1/18/2001 3:40:02 PM
From: Teresa Lo  Read Replies (1) of 214
 
Instant Analysis: ADPT

In conversation with one of the Master Class participants, on what to do with this one, as she wanted to buy but didn't:

She Said: 01-18 15:30 (ET)
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ADPT has a H&S bottom here.

She Said: 01-18 15:34 (ET)
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If you want to buy it now, I would suggest to wait for a break to the upside, and then enter stops on the first retracement. The blue line is the idealized pullback to confirm support at the topside of this pink line at 14, which is now still resistance.

Teresa

= ADD =

Of course, the H&S might also be drawn like this, in which case, we are testing the neckline now...
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