14 replies to this topic

[Rogerdodger]

WOW!



Is that almost an Island Head & Shoulders?
http://stockcharts.c...4129&r=2204.png

[pisces]

WOW!



Is that almost an Island Head & Shoulders?
http://stockcharts.c...4129&r=2204.png

Hi,Roger,

on your chart,we seem to have a fractal and a beauty at that.

the whole action from feb. till now ,is an exact replica of the Feb top from 95.00 to 90.00.

and seems to measure to below 70.00. Thanks for that post,btw appreciate allyour posts.



Pisces.

[Rogerdodger]

Thanks for the compliment. I was thinking this might see a rally attempt back to the neckline/failure area or at least the 200ma, even as the break below 90 got a one day attempt back above the 50ma.

[Data]

If you exclude the dozen or so companies that make up the Money Center Banks and
Super Regional Banks, the same is occurring to the broader banking index.


http://finance.yahoo...bc?s=^IXBK&t=1y

[Rogerdodger]

On May 3rd, I posted this below.
It is one of those which is compressing for a move.
(I don't know if they are still in this. Looks like it has not triggered their stop.
Phil's idea at the time was that if the market was going to rally, the financials would need to be involved.
BAC was at his support level.)

Philsgang.com bought BAC today when it traded over 51.36.
Stop just under 50.30
http://stockcharts.c...4129&r=9163.png

Edited by Rogerdodger, 20 May 2007 - 01:40 PM.

[Data]

I include BAC, C, and JPM as the money center banks. JPM is another stock that's coiling.

[pisces]

Thanks for the compliment.
I was thinking this might see a rally attempt back to the neckline/failure area or at least the 200ma, even as the break below 90 got a one day attempt back above the 50ma.

ROGER, I agree with your idea of snapback which could easily carry to the 83-85 area.to jump in on the

shortside after 5 high vol downdays is asking for trouble..,just watching for now.



Pisces.

[briarberry]

found a ready made chart with trend lines

[jmicou]

[selecto]

Why did it do that?