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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: Henry J Costanzo who wrote (722)11/15/2002 5:01:29 PM
From: Moominoid  Read Replies (1) of 2852
 
The volume pattern looked good but that H&S seems to have been violated so seems you were right. There are a few potentially nested there.

The two bearish aspects on this chart are the stochastics crossover currently pointing down and the low volume on this week's rally.

MACD still seems to point up. MA is rising.

Look at the 8th week of 2001 - almost an identical scenario.

David
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