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


To: MulhollandDrive who wrote (212114)7/23/2009 5:39:26 PM
From: GalirayoRead Replies (1) | Respond to of 306849
 
>>well the head and shoulders pattern failed too....<<

Actually they can break in either direction ... the formation was actually a valid Minute H$S formation that broke to the Upside. But from the post I just made from Prechter that Larger IH&S Formation ... Odds are a break to the Darkside. He's on a 3 Down .. and I was looking for a 5 Down .. unless I mis-understand.

Failure is based on volume a lot of the time.



To: MulhollandDrive who wrote (212114)7/23/2009 5:41:18 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
I think the GS manipulator algorithm sets those up, breaks the neckline and then goes into reverse after the SPX is a couple percent past it. Pretty good manipulator strategy if you ask me......