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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (41518)	12/9/2012 11:59:23 AM
From: Qualified Opinion	1 Recommendation Read Replies (2) \| Respond to of 222439

Good Morning ! Your analysis could be applied to an overextended stock market in the short term. What is your technical analysis over the next three years assuming an uptrend continues in those two bank stocks ?

To: Vendit™ who wrote (41518)	12/9/2012 8:26:59 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 222439

Vendit... with all due respect... May I point out.. you are not drawing the Andrews Pitchfork as Alan Andrews intended. The ones you have presented are incorrect. Both BAC and JP are drawn incorrectly with higher highs after a point drawn. The pitchfork as defined by Andrews must go from a high to a low or Visa versa with an earlier origin... without a intermediate higher high or lower low in between a defined spread. Please re-view this definition. stockcharts.com