Et voilà.......

When you less expect it after you were waiting for it and had been already convinced that a few more days were due..............monsieur le drop. They know one more than the devil knows. The fake sp (but not just sp) inverse head and shoulder which fib said was nothing at all and for sure not a true inverse head and shoulder (if it had been I wouldn' t have called it a fake) was just indicating a next break down. What is unbelievable is that they didn' t wait for the announcement of the deal which will surely be found before the 2nd of august. My one cent. Hoping this won' t be a starting point for polemics of whatever order of greatness

Edited by andr99, 27 July 2011 - 05:29 PM.

inverse head and shoulder which fib said was nothing at all and for sure not a true inverse head and shoulder

1) It's still not a head & shoulders configuration.

2)...this from yesterday's chat:

2011-07-26 16:20:46 [Message] fib_1618 -> Chat: nope...sorry bulls
2011-07-26 16:20:51 [Message] fib_1618 -> Chat: I'm going to call a top here

3) The debt talks have little to do with the technical breakdown of the last couple of days.

Fib

Andre, Fib can speak for himself, but I will observe that there are a few serious traders here who have great respect for his efforts. When you start annotating charts and making intelligent observations thereupon perhaps - just perhaps - we might be interested in your comments. Meanwhile, kindly cut the personal crap and... get a haircut.

Edited by selecto, 27 July 2011 - 05:47 PM.

inverse head and shoulder which fib said was nothing at all and for sure not a true inverse head and shoulder

1) It's still not a head & shoulders configuration.

2)...this from yesterday's chat:

2011-07-26 16:20:46 [Message] fib_1618 -> Chat: nope...sorry bulls
2011-07-26 16:20:51 [Message] fib_1618 -> Chat: I'm going to call a top here

3) The debt talks have little to do with the technical breakdown of the last couple of days.

Fib

We just have to hang out and listen to tunes sometime. Sorry I missed the "nope...sorry bulls" comment in chat last night-was out of town. Loved the CRASHING! part when I reviewed my tape of the chat though,

Edited by thespookyone, 27 July 2011 - 06:32 PM.

Andre, Fib can speak for himself, but I will observe that there are a few serious traders here who have great respect for his efforts. When you start annotating charts and making intelligent observations thereupon perhaps - just perhaps - we might be interested in your comments. Meanwhile, kindly cut the personal crap and... get a haircut.

I was not unrespectful towards him or whoever and for the 10th time I just observed two days ago and even before, and I repeat it here, that there is a pattern that has the look of an inverse head and shoulder (let's add just for the less experienced if it sounds better) but it's not an inverse head and shoulder, it's a fake placed there to trap those that believe it's a real pattern because being a fake it can just break the other way, i.e down. And what I receive ? A reply saying to me that it is not an inverse head and shoulder. Well, maybe English is not my mother tongue, but buddy, here there's someone else who doesn' t sound like Shakespeare when talking in his own language. A few minutes ago I was pointing out that today's black long candle means that the break down of the fake pattern has trapped people as it was expected, pointing also out that it was right calling it a fake pattern and I am suggested to give it a haicut. Funny.
A fantastic dialogue.

Edited by andr99, 27 July 2011 - 06:35 PM.

Avete una tabella, tipo astuto?

No offense intended. I just asked you if there was a chart behind your mouth. . To no avail, apparently.

Edited by selecto, 27 July 2011 - 07:43 PM.

selecto - fib didnt post a chart either - why are you taking sides and stoking the flames of dissent here? Andr spoke of the inverse hns looking pattern that fib also saw and commented on - in fact they both said the same thing - the pattern isnt a valid ihns, so basically they agreed - why make an agreement into a fight? the debt talks having nothing to do with the breakdown is a priori what a pure technician has to say - whether it is correct or not is a matter of subjective interpretation - if you read the other posts on the board, including from OEXCHAOS, you will see that other technicians have a different subjective interpretation. In the end, it doesnt matter - the outcome will pay you or take your money, depending on your subjective TA, FA or anything else.