Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AllansAlias who wrote (5804)	6/26/2001 10:49:07 AM
From: John Madarasz	Read Replies (1) of 209892

lol about the brokers...ain't it the truth. A couple things everybody should try to remember about all these H/S patterns everywhere: It's been said that it's important to give them more respect...because they tend to be a more valid formation in a down trending/BEAR market. I think this is very true. Notice how many stocks, indices and sub indices are making their measurements... rallying back to the necklines and failing or being held in check at those necklines. I think these head and shoulder patterns should be respected greatly, and while there will be bullish falling wedges, and other countertrend patterns contained in them in the smaller time frames, you have to respect the necklines as strong resistance...and support. Only if price breaks out above the head... or uses the neckline as SUPPORT should you be looking at the long side large in these powerful formations of late... of course other indicators and counts come into play as well... but something to think about anyway, and tear apart if needed

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next