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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Trumptown who wrote (45450)6/11/2003 1:33:31 AM
From: Gersh Avery  Respond to of 52237
 
they don't negate .. kinda like gaps. They're just there.



To: Trumptown who wrote (45450)6/11/2003 8:54:18 AM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
A move above the neckline is a warning sign; a move above the right shoulder negates it. Another warning sign is a break of the downtrend line across the head and right shoulder.

The failed H&S top in the S&P in March-October 1999 is a good example of a negated H&S:

charts.barchart.com

On the other hand, the Nikkei neckline of 1987-1992 was penetrated repeatedly without being negated.

stockcharts.com[w,a]maclyyay[pb20!b50!b200][vc60][iLl14!La12,26,9!Lh5,3!Lb14]&pref=G