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Strategies & Market Trends : Technical Analysis With Charts

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To: lexi2004 who wrote (6626)5/4/2008 10:18:52 PM
From: Galirayo  Read Replies (2) of 6865
 
The Head was not formed on Diminished Volume .. but I've heard it touted as a H&S .. not sure exactly why. The look is there but Volume doesn't confirm. Unless someone has Volume on $GOLD that I/we don't. There is no Vol on $GOLD that I can find .. only the ETFs. And this ETF has Increasing Volume not Diminishing.

stockcharts.com

chartpatterns.com

Without Volume Confirmation .. Critical in a H&S Formation .. it can only be sporting a Knock Off or Replica Look.IMO
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