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To: bcrafty who wrote (122407)7/28/2005 9:26:08 AM
From: skinowski  Respond to of 209892
 
Hope I'm not barging in, bc, but another thing which would introduce some clarity here is that you really are discussing a *potential* inverse H&S. If the pattern turns out to be for real - which, it looks to me, it very well may, the picture looks pretty - then what we have presently is a *putative* right shoulder.



To: bcrafty who wrote (122407)7/28/2005 11:58:51 AM
From: Henry J Costanzo  Read Replies (2) | Respond to of 209892
 
SBUX......and..........sigh.......IH&S.

IMHO the iH&S (or H&S Bottom) is a major reversal pattern which may form, after an extensive decline, and signal a price rally...

The price pattern followed by SBUX since its last high, at the turn of the year, IN NO WAY even begins to meet the minimum characteristics necessary for possible formation of an iH&S pattern....

And that's that......IMHO......FWIW......etc.....g

Have tried to hold my peace about this, BC....to each his own......but I have been increasingly concerned to see a recent proliferation of IHMO spurious iH&S "sightings" similar to this latest SBUX one.......on this and other threads....

(So bring on the Freep..while you're in court....LOL)....