sniff Posted February 24, 2003 Report Share Posted February 24, 2003 Looking at a S&P chart 15 day timeframe. It looks like Head and Shoulders pattern. BB's retrace numbers are more accurate As I just do basic projection with a hand calculator. I do have a question. Failed H&S patterns are bad for bears. So, exactly when is a h&s pattern considered a failure? It is not at the top, so is it valid? Link to comment Share on other sites More sharing options...
blackbelt Posted February 24, 2003 Report Share Posted February 24, 2003 sniff, For H&S, after the neckline break the price should not trade back in the H&S area by much... BTW....H&S patterns are explained well in the Hurst book along with the reason why they happen. "Cyclicality" is the reason for the pattern Link to comment Share on other sites More sharing options...
Guest RiffRaff Posted February 24, 2003 Report Share Posted February 24, 2003 BB- Thanks, nice to see you around !! Link to comment Share on other sites More sharing options...
richmtn Posted February 24, 2003 Report Share Posted February 24, 2003 Uncle Buck has a relapse. Link to comment Share on other sites More sharing options...
Slothrop Posted February 24, 2003 Report Share Posted February 24, 2003 KCS: I like the way this chart is shaping up. Natural gas play. Link to comment Share on other sites More sharing options...
blackbelt Posted February 24, 2003 Report Share Posted February 24, 2003 SPX - 15m Nice impulsive move to the downside for today. Next turn is tomorrow in the afternoon. Link to comment Share on other sites More sharing options...
sniff Posted February 24, 2003 Report Share Posted February 24, 2003 thx bb, I will be watching out for retrace's on that s&p chart.... Link to comment Share on other sites More sharing options...
FeedFool Posted February 24, 2003 Report Share Posted February 24, 2003 Look at Nasty ADX. Link to comment Share on other sites More sharing options...
Slothrop Posted February 24, 2003 Report Share Posted February 24, 2003 S&P closes near LOD, but remains above y'day's low. Wow. Interpretations? Link to comment Share on other sites More sharing options...
DrStool Posted February 24, 2003 Author Report Share Posted February 24, 2003 Well, could be yesterday was Sunday. That may be why. As for Friday's low. It doesn't count. Noise induced soiling of pants. Link to comment Share on other sites More sharing options...
Slothrop Posted February 24, 2003 Report Share Posted February 24, 2003 I'm not into that time thing, Doc. I'm a technical anal cyst. Friday is followed by Monday. All that space in between: it doesn't exist in TA land. Link to comment Share on other sites More sharing options...
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