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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Hamid MArandi who wrote (678)4/19/1998 3:51:00 PM
From: James Strauss  Read Replies (2) | Respond to of 13094
 
Hamid:

This is what a Reverse Head and Shoulders looks like...

A C x(bullish breakout)
xxxx xxxx
x x x(bearish failure)
x x
x x
x x
x
B

A: Price Decline... (Left Shoulder)...

B: Selling Climax...

C: Price Recovery... (Right Shoulder)...

When the price moves above the right shoulder it's very bullish...
When the price moves below the right shoulder it's very bearish...

Jim