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Strategies & Market Trends : Technical Analysis - Beginners
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To: Chris who wrote (11375)2/5/2001 11:36:05 PM
From: Trader X  Read Replies (2) of 12039
 
the head/shoulder thing

that's pure speculation on his part, really getting ahead of himself. but it could play out that way.

I have trouble with the wedgie thing because if we are at the bottom then that wedge is part of the base building. also, falling from a wedge should result in a lower low than previous, yes? what he could be missing is that a neckline can be slanted either up or down. i'll draw the neckline the way I see that it could happen.
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