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


To: Ms. Baby Boomer who wrote (65583)10/29/2014 2:55:30 PM
From: Fintas  Respond to of 218407
 
Some never see it and why the term SUCKER PUNCH.

The important detail Ms Baby is YOU see it.

Fintas



To: Ms. Baby Boomer who wrote (65583)10/30/2014 12:48:21 AM
From: Chip McVickar1 Recommendation

Recommended By
Ms. Baby Boomer

  Read Replies (1) | Respond to of 218407
 
to me... the left shoulder and head formed beautifully... but the right shoulder didn't form and was broken with the big push lower to 1820

that spike down negates the entire formation...
...plus the neckline (if it ever existed) was broken to the upside at 1930
...so this is not a classic head and shoulder pattern

but this is a weak pattern
... the move higher hasn't proven itself... and price must stay above 1960 to 1950

to me this weekly chart has a duration of 2 months... if by january there hasn't been a move away from this pattern and higher...
...the bears will win