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To: Done, gone. who wrote (44375)4/22/2005 1:03:03 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 213173
 
Michal.......IMHO and FWIW..... I don't really see any signs of a possible Head & Shoulders Top forming around here......In addition to the price patterns, the necessary volume patterns are also missing.

I'm still thinking along the lines of my last chart posted....that the last decline broke out of a triangle, pointing to a move to about 34.50....As you know, we got somewhat below that Monday, hitting 34.00, but then stabilizing and going sideways....That's a potentially positive pattern.....which could be creating a base necessary for some new advance.

Will probably be doing some of my usual chart doodling over the weekend....and will try to post an updated chart.......with all the voodoo lines and squiggles....LOL