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: John Madarasz who wrote (19251)	11/3/2001 5:37:16 PM
From: bcrafty	Read Replies (1) of 209892

John, about H&S formations Donald Sew had a few things to say about current H& S in this morning's update: "However, do want to again express the issue of HEAD % SHOULDERS PATTERNs, since these patterns are starting to form on all of the major indices. Previously I mentioned the possible H&S on the NAZ/NDX, but now it may also be appearing on the DOW/SPX/OEX. Again, not that I put a lot of faith in H&S PATTERNs, since I have seen quite a few fail, I do want to mention it again since it may be forming on all of the major indices. The simplest way to have the H&S invalidated is for the indices to set local higher highs, but until that happens, and I ain't predicting, I'm not sure I would want to get overly bullish right now."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next