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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject6/8/2001 7:50:00 PM
From: besttrader  Read Replies (2) of 37746
 
To thread, if NAZ goes down to around 2100 on a daily chart
by the end of this week, could that be construed as
a head and shoulders on the daily then? If it does, the
right shoulder would be higher, and I'm not sure if
that is really "allowed" for this type of formation.
I keep staring at the compx daily and I just "feel" like
that formation HAS to go to 2100, then break all the way
down to the bottom near 1600 something. I'm not sure if
that would be highly probable or if it's just wishful
thinking. Or, maybe it will form a "rounded top" formation.
What do you think thread?
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