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Strategies & Market Trends : Chart Formations

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To: Casaubon who wrote (876)	11/15/2005 12:39:05 PM
From: sean sanders	Read Replies (1) of 967

I hopped in BRCM today looks like we broke out of a consolidation on the 15 min and the 120 min looks like a reverse h&s. I figure its worth 2 points~ to 48. -note- I may exit thou if we show weakness I have some IBM calls here that are doing ok today. Nice move on AMD today; dont own it thou. I tried to short DOW today; thought it was doing a h&s on the 30 min; but I think the market kicked it up. Also the daily looked bullish so I was 1/2 expecting the h&s to fail and sold when it rose above the right shoulder.

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