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To: rcksinc who wrote (147917)8/13/2007 4:19:12 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
I'm not Henry, but I know what he'll say -- a H+S cannot form on a low. An inverse one can, but a H+S is by definition a topping pattern. Now, maybe he'll note the late day pierce of the uptrendline off the low... or that in the wiggles there, the move off the low has overlap (unless we're about to launch the iii of 3 up, of course). But he's not gonna agree on the need for more right shoulder action, imo! And I'd concur all around, btw....

(P.S. MC -- how'd I do? :-)



To: rcksinc who wrote (147917)8/13/2007 4:39:21 PM
From: Henry J Costanzo  Respond to of 209892
 
I believe in them, steve..when they appear where they should...Right here, we'd have to be talking H&S bottom....But hard for me to see a H&S bottom in that chart..vbg...Where are you putting the neckline ??



To: rcksinc who wrote (147917)8/13/2007 4:41:56 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
Hey man, I concur with what's been said...but its easily a potential inverse cup and handle.



To: rcksinc who wrote (147917)8/13/2007 6:39:05 PM
From: patron_anejo_por_favor  Respond to of 209892
 
Measures to 1360, perfect.....

I'm sure the "double bottom"/neckline at 1430 will get a lot of attention if it gets tested again.