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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (17801)	2/25/2016 7:33:41 PM
From: isopatch	2 Recommendations Recommended By Davy Crockett sixty2nds Read Replies (1) \| Respond to of 33421

Nice (albeit somewhat irregular) inverse head and shoulders formation with text book volume decline from the left shoulder to the head. Then, from the head to the right shoulder. Now, we to wait to see if it proves to be the base for an upside breakout, with the large volume surge, we'd like to see. Or, is negated by a break down to new lows on increased volume. Been thru this kind of thing many times, in prior cycles. Mr. Market will decide. Iso

To: The Ox who wrote (17801)	2/25/2016 8:48:49 PM
From: Davy Crockett	Respond to of 33421

Thanks for the welcome back Ox! Nice chart! What's the old saying the Trend is your Friend :) Speaking of the weekly, that's the chart that I found intriguing along with the modified head & shoulders on the daily that Iso pointed out... Hourly chart looking pretty good too, but that can change in a heart beat.