I believe the chart roger provided was a 2 minute chart and not
on the Daily although there is that Daily potential H&S.
Symmetry would be later in October and we do have positive
divergence on the 5 and 60 min charts with the 50 Day MA around
$651-652, 13 week MA around $646 and a previous high in April at
$644 so if I was trying to set-up that Daily H&S better I would
prefer a bounce here and then a down later in the month.
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I believe the chart roger
h & s playing out......whats that high for the day?
Posted by tom on 2nd of Oct 2012 at 01:15 pm
I believe the chart roger provided was a 2 minute chart and not on the Daily although there is that Daily potential H&S. Symmetry would be later in October and we do have positive divergence on the 5 and 60 min charts with the 50 Day MA around $651-652, 13 week MA around $646 and a previous high in April at $644 so if I was trying to set-up that Daily H&S better I would prefer a bounce here and then a down later in the month.