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To: Shack who wrote (135676)8/16/2006 12:06:35 AM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Don't need to chart the opening to see a gap IMHO..all that's relevant are the high and low of the daily action.

Can't figure out why the charts look different,and you show today's action entirely above the neckline ???

In any event, repeat that exceeding the neckline on the pullback does not invalidate the pattern. Happens frequently.



To: Shack who wrote (135676)8/16/2006 12:24:14 AM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
SHLD..OK.... fiddled around with a finer line, took off my glasses and got close to the screen, and our charts look the same now..Only our conclusions differ....LOL



To: Shack who wrote (135676)8/16/2006 10:45:39 AM
From: wave3rules  Read Replies (2) | Respond to of 209892
 
In my many years of charting chart patterns (first started in 1983 with pencil and graph paper) I have found it very important to factor out glitchs. I suggest the trend line shown is more valid then using the low of the intraday spike below $150

Note 2 touchs for each shoulder, and todays action I feel validates the trend line as shown.



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