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Strategies & Market Trends : Classic TA Workplace

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To: rcksinc who wrote (147917)8/13/2007 4:19:12 PM
From: The Freep  Read Replies (2) of 209892
 
I'm not Henry, but I know what he'll say -- a H+S cannot form on a low. An inverse one can, but a H+S is by definition a topping pattern. Now, maybe he'll note the late day pierce of the uptrendline off the low... or that in the wiggles there, the move off the low has overlap (unless we're about to launch the iii of 3 up, of course). But he's not gonna agree on the need for more right shoulder action, imo! And I'd concur all around, btw....

(P.S. MC -- how'd I do? :-)
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