John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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Davy Crockett

sixty2nds

To: The Ox who wrote (17801)	2/25/2016 7:33:41 PM
From: isopatch	2 Recommendations Read Replies (1) of 33421

Nice (albeit somewhat irregular) inverse head and shoulders formation with text book volume decline from the left shoulder to the head. Then, from the head to the right shoulder. Now, we to wait to see if it proves to be the base for an upside breakout, with the large volume surge, we'd like to see. Or, is negated by a break down to new lows on increased volume. Been thru this kind of thing many times, in prior cycles. Mr. Market will decide. Iso

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