Just quickly in ...and out...so just a brief reaction on the run.......
First....note that I was not as rash as Shack, and did NOT make a CALL on GOOG. I issued an "alert", and flagged a "possible" put/short/bet opp.....but I am not ready to move on that...yet...As I said.....bears watching......
Next, re volume, I was referring to the specific volume requirements of a H&S formation.......and whether in line with general market volume trends or not, the GOOG pattern meets the requirements of an H&S volume pattern.
I am impressed, and congratulate you on your mastery of what I sometimes have referred to as the "indicator soup"....I encourage you to continue with that......but it is not for me (occasionally, I make a little use of it). My "tools" are limited to price, volume, the 50d and 200d SMAs (occasionally the 20d SMA)....and a ruler to draw lines with.........And then, of course, I dabble in EW .....primarily for broad or sector market indexes..........Just quirky me, but thought you should know, since you do read some of my posts opining on stocks.... |
