Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (60080)	8/16/2006 5:02:59 PM
From: orkrious	Read Replies (1) \| Respond to of 306849

Orkriouscan not bad. If RYL gets over 45, it'll break an inverse H&S neckline and that measures to 57. It would be an uncomfortable ride on the wrong side..... It sure would be, especially given the size of my position. I'm not much for H&S patterns though. It's the kind of thing that is obvious in hindsight and makes sense from an intuitive perspective. But I don't think they work any more than they don't work. From a fundie perspective, I just don't see it. And given that my PM position is double my short position, any losses on the short side should be more than compensated on the long side.