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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: Howard Hoffman who wrote (19904)2/10/1999 2:58:00 AM
From: SkyDart  Read Replies (1) of 27307
 
You are right that by strict definition a downsloping neckline is not required; However, in my experience when you do not require this criteria you get many false alarms.

Another example: If you do not require a downsloping neckline, then you could describe AMZN as a Head and Shoulders pattern NOW:

But by these same criteria, you would have also described the June/July 1998 pattern as the same; Head and Shoulders, and could have been burned badly had you shorted there [Short at 30: False Head and Shoulders: Cover at 190: Ouch!!]

My strategy if wrong:

First I take a small position; don't bet the farm.

Second, If I feel I misjudged, I immediately sell half the position.

Then I monitor closely with mental stops.

What's your strategy for puts or shorting YHOO? How do you keep from losing in a short squeeze?

Dart
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