On the weekly comp chart with the BPs on it, we only have one higher low and that is with an unconvincing bottom on the latest low. And we have no higher highs yet.
stockcharts.com[e,a]waclyyay[pb50!b200][vc60][iub14!la12,26,9][J3056158,Y]&pref=G
Until we break the upper trendline on this chart, I believe that we may have a triangle forming on the COMP, not an H&S
stockcharts.com[h,a]waclyyay[d20000108,20020308][pb50!b200][vc60][iub14!la12,26,9][J3434500,Y]&pref=G
And whereas I have a tremendous amount of respect for Zeev, LG, Bobby Beara, OJ and many others who are not seeing what I am seeing, I can only go with my analysis and play it as I see it. I have been wrong many times before and I will likely be wrong many times in the future. |
