9 replies to this topic

[skott]

My Webpage

[skott]

of course you have to click on the "my webpage" link to see the chart

[newportsurf]

Scott, I dont think it is valid... Basically it is a rectangle with 3 failed breakouts to the upside, and then 2 failed breakouts to the down side............... Its had more juice to the upside..... I would probe shorts if the red channel is breached then fails..... for a short term trade..... Alot of shorts got burnt in the past 2 weeks!

I dont know how to post a chart but here is a link...

http://quote.prophet...amp;frequency=d

[skott]

we are looking at 2 different charts. Mine is Nasdaq 100 and yours is the Nasdaq Composite

[mss]

I dont know how to post a chart but here is a link...
http://quote.prophet...amp;frequency=d

There are a number of ways to post a chart. Go to the "HELP" section above and go to posting charts.
mss

[sglasson]

My Webpage

knew I saw this before . . . . The Ord Oracle 4/5/07

[skott]

I think my chart looks better! anyway, I see he is one of the best market timers. Great minds think alike

[sglasson]

I think my chart looks better! anyway, I see he is one of the best market timers. Great minds think alike

KUDOS

[selecto]

Is anybody at all concerned that the volume across the formation of the pattern is not "right?"

[skott]

from stockcharts.com Ideally, but not always, volume during the advance of the left shoulder should be higher than during the advance of the head. This decrease in volume and the new high of the head, together, serve as a warning sign. The next warning sign comes when volume increases on the decline from the peak of the head. Final confirmation comes when volume further increases during the decline of the right shoulder. Most of the "ideal requirements" are in place but the picture is a bit convoluted given we have four shoulders and 2 heads.