Monitor to see if it holds. If we have a clear break, we'll probably have a rise back to test the underbelly of the line. The wedges if broken give a clear target that will take price back below the neckline of the Double head and double shoulders top.
I may post a chart later. I won't be surprised or fooled by any upside action. going back to 1805 NDX would trace out another head & shoulders.... this one in the second right hand shoulder.
best wishes
Double Head and Double shoulders Top update
Started by
skott
, Apr 12 2007 08:50 AM
1 reply to this topic
#2
skott
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Posted 12 April 2007 - 02:05 PM
NO need to post a chart today. all lines held except for dow futures but price has come back thru and above. QQQQ volume is weak again and is lagging the down day volume again. Dow Uitilies down today. This is FEd spike the punch bowl day...... thursday always are.
