bobby beara: Looking at the IND (Dow Industrials Theoretical Data) Daily Semi-Log Chart, I also see the beginnings of a second H&S pattern, with one shoulder complete and the head dropping down to start the second shoulder. Of course, in my opinion H&S patterns are the least reliable pattern I follow, however it still has my attention.
The following is pure conjecture, something I almost never do, but if David can go from a call for a drop to what was it?...4k to now 54K what the heck, I may as well have a little fun...<g>
I think if this current formation completes, it may drop and form a third H&S formation in a lower range, roughly the same as the first. Then these three H&S formations will in fact be part of a larger H&S pattern. The first pattern will be the first shoulder, the second will be the head and the third will be the last shoulder. Then look out below...<g>
The above can be considered complete Bull S___. If it does not happen I never posted this. Of course, if it does happen I will post a "chest beating" that will make StockOperator's recent "chest beating" pale in comparison...<g> Just remember if this fairy tale comes to pass, you heard it here first....<g>
(All Disclaimers Apply)
BWTHDIK
Regards,
LG |
