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Daily Digger - Wednesday Nov. 17, '04


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Cup and Handle?

 

Yes, and broken at the 240 level, 258 to come.

 

 

Is it just me, or is the future now incredibly clear...

 

Rally to 258ish, pullback to 240ish, rally back to 258, takes us 2-3 times to break through, finally we get through for good and rally for months until the next big pullback? (Only minor pullbacks along the way)

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Not only that, but you can look at 240 as the neckline of a huge inverse H&S bottom. Though the shoulders are little...so I guess calling it a cup and handle is more accurate. The two patterns are actually fairly similar to each other...

 

 

Its funny, the HUI chart double bottom in may and july has Charmin's beloved 'bullish butterfly' pattern in it....and it worked...

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Not only that, but you can look at 240 as the neckline of a huge inverse H&S bottom.  Though the shoulders are little...so I guess calling it a cup and handle is more accurate.  The two patterns are actually fairly similar to each other...

 

 

Its funny, the HUI chart double bottom in may and july has Charmin's beloved 'bullish butterfly' pattern in it....and it worked...

 

 

Ah the bullshit bowtie strikes again. :D

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