http://stockcharts.c...llery.html?QQQQ
Does this weekly show a big [bleeep] Head and Shoulders Bottom?
Is this a Head and Shoulder here?
Started by
skyymaster
, Jan 11 2007 12:18 PM
4 replies to this topic
#1
skyymaster
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Posted 11 January 2007 - 12:18 PM
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#2
redfoliage2
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Posted 11 January 2007 - 12:53 PM
Reversed Head and shoulders only work on a down trend as a trend reversal signal. Not on an uptrend.http://stockcharts.c...llery.html?QQQQ
Does this weekly show a big [bleeep] Head and Shoulders Bottom?
#3
Stickan
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Posted 11 January 2007 - 01:07 PM
[/quote]
Reversed Head and shoulders only work on a down trend as a trend reversal signal. Not on an uptrend.
[/quote]
Hmmmmmmm
In Edwards & Magee's book, "Technical analysis of stock trends" (the "Stock market Bible") from 1948, 5th edition 13th prining they are defining "Head-and-Shoulder Consolidations", which are, when in an uptrend, inverted H&S patterns and, in a downtrend, normal H&S patterns.
But what did they know in those days. We are smarter now - right?
stig
#4
Mtrader
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Posted 11 January 2007 - 01:13 PM
My kid just said: "But the market is making new high, Dad"
You are on your own. This is for demonstration only.
JV
JV
#5
eminimee
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I don't care who's fur is flying...
Posted 11 January 2007 - 02:18 PM
that's not true......4th wave bottoms can be in the form of an inverted H&S pattern.
