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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Shack who wrote (85823)11/14/2003 4:55:09 PM
From: ajtj99  Read Replies (3) | Respond to of 209892
 
This chart looks like a recipe for Chapter 11:

Shopko Monthly:

stockcharts.com[h,a]maclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

We sell to these people, and they've been acting goofy lately. I thought I'd look at their chart to see if I could divine anything, and the monthly looks like a huge slanted H&S formation.

SKO appears to be completing a 2 of C down off the 22.80 high.

The target for the H&S is bankruptcy. I'm not sure if that happens. I guess I have to look at their finances.