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To: BirdDog who wrote (8014)4/25/2001 2:18:30 PM
From: Dr. Id  Respond to of 10934
 
We should nominate you for a cool post. I think everyone on SI needs to know what you're teaching us: That when the chart forms a head and shoulders. That means it is going to fail.

BirdDog


BirdDog,
I'm surprised at you. EVERYONE knows that!

Dr.Id@mychartshowsanelbowandthighpattern.tec



To: BirdDog who wrote (8014)4/25/2001 7:50:20 PM
From: John Madarasz  Respond to of 10934
 
That when the chart forms a head and shoulders. That means it is going to fail.

actually I didn't say that... it was really more of an if / then thing pertaining to a certain set of conditions, qualified in the greater context of a bear market.

Not all head and shoulder chart formations fail, in fact many never follow through at all.

if i was able to contribute a valid observation, and someone else benefits from it, then that's great. If the chart sets up the way I outlined it, then maybe the stock will make the move into the single digits and some folks will make some money.

I could care less about cool posts.