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Strategies & Market Trends : Classic TA Workplace
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To: carranza2 who wrote (45353)7/11/2002 3:47:07 PM
From: bcrafty  Read Replies (1) of 209892
 
carranza: no, it indicates a reversal
of the previous trend i.e. the uptrend from the mid 1990s.

Once the right shoulder is complete it means more downward to go. Two caveats: TA is not an exact science, and H&S patterns can fail. Allan's chart is a weekly chart, which leave a little wiggle room for smaller timeframes.
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