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Strategies & Market Trends : Classic TA Workplace

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To: john722 who wrote (17388)	10/22/2001 9:04:26 AM
From: AllansAlias	Read Replies (1) of 209892

Yes, shoulders are allowed to be far apart. The best head and shoulders present these symptoms: * it forms at highs or lows * the left shoulder is stronger than the right * the head is significantly higher than the left shoulder * the volume dries up in the rise to the top of the head * the head is a rounded top or a narrow wedge into the peak * the volume is smaller on the right shoulder rise * the H&S slants downward (right shoulder lower) * the initial break of the neckline is forceful The one presented last night scores fairly well using this list of criteria. Still, it's not as if I would trade only on this setup. It's a small factor I throw in the mix.

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