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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (121268)6/29/2005 4:30:59 PM
From: Shack  Read Replies (2) of 209892
 
Yes, I think that's very possible and very likely. Lets look at this from a straight classical TA perspective:

NEM has a potential inverse H&S on the daily charts,
It had a low volume backtest of the putative neckline,
Now we have a big long candle off the backtest.

That's a good set-up and well worth getting in on.

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