freetradingvideos.com Head and shoulders formation technically validated now that the neckline has been broken. However there is a catch….watch the video.
3 comments to July 7, 09 : Stock Trading Technical Analysis
i rang the register on few shorts and some of my puts that have more than doubled in value. one thing ive learnt about HS patterns around OPEX ….decline hard below the neckline and violently retrace back to or above the neckline to close OPEX week. next, crash and burn after that. this market has lulled us all too sleep and now it is time to wake up.
I’m pretty sure that a wedge pattern is much weaker and much less reliable than a H&S pattern. I checked that with Bulkowski a few months ago. But don’t take my word for it! You need to do the research and verify that for yourself. Pretty sure that is correct though.
i rang the register on few shorts and some of my puts that have more than doubled in value. one thing ive learnt about HS patterns around OPEX ….decline hard below the neckline and violently retrace back to or above the neckline to close OPEX week. next, crash and burn after that. this market has lulled us all too sleep and now it is time to wake up.
Than would be one large “bull flag”.
That’s akin to calling the last 20 years of the SPX a gigantic “secular” “double top”.
I’m pretty sure that a wedge pattern is much weaker and much less reliable than a H&S pattern. I checked that with Bulkowski a few months ago. But don’t take my word for it! You need to do the research and verify that for yourself. Pretty sure that is correct though.