you asked for comments and I commented, wasn't a dig, I
appreciate the posts and ideas. That said, I don't see that
as an inverse H&S pattern, bulls hope would be a W bottom or
something, but Inv H&S not with that RS is way too steep, no
real neckline. again bulls hope is for more of a W bottom
I've seen more specious looking purported h\s labeled as such
here and so I take a more liberal view of symmetry, or lack of, and
what constitutes one. If there is a left shoulder, a head,
and a right shoulder, I mean, what more is there. If price
goes up from here, then it will be vindicated I guess. We
will see. Thanks for the feedback.
Btw, nobody has commented yet on the shift in configuration I
alluded to. That is what makes it a more potentially
bullish setup than the ihs in question even.
Roger...I see certain changes but you'll have to be more
specific in what your stating is a shift in configuration.
The stock triggered a long setup which is more important than
other semantics. Let's stay focused on what really
matters.
Posted by jacksoncrack on 19th of Nov 2015 at 06:37 pm
Speaking of IHS, From Chart 38 in last nights newsletter,
would the pattern on SLW constitute an inverse H&S? And would a
minimum target to the 200 day be pretty reasonable? It also seems
to coincide with a gap left near there.
GDX weekly
Posted by roger on 19th of Nov 2015 at 03:31 pm
appears to be a shift in configuration..... can anyone spot it?
GDX weekly chart
hello?
yeah Roger I don't view
Posted by matt on 19th of Nov 2015 at 04:13 pm
yeah Roger I don't view that as a valid Inv H&S
wasn't talking about the validity
Posted by roger on 19th of Nov 2015 at 04:25 pm
wasn't talking about the validity of the ihs anyway... although it is valid.
you asked for comments and
Posted by matt on 19th of Nov 2015 at 05:03 pm
you asked for comments and I commented, wasn't a dig, I appreciate the posts and ideas. That said, I don't see that as an inverse H&S pattern, bulls hope would be a W bottom or something, but Inv H&S not with that RS is way too steep, no real neckline. again bulls hope is for more of a W bottom
I've seen more specious looking
Posted by roger on 19th of Nov 2015 at 05:41 pm
I've seen more specious looking purported h\s labeled as such here and so I take a more liberal view of symmetry, or lack of, and what constitutes one. If there is a left shoulder, a head, and a right shoulder, I mean, what more is there. If price goes up from here, then it will be vindicated I guess. We will see. Thanks for the feedback.
Btw, nobody has commented yet on the shift in configuration I alluded to. That is what makes it a more potentially bullish setup than the ihs in question even.
Roger...I see certain changes but
Posted by steve on 19th of Nov 2015 at 06:02 pm
Roger...I see certain changes but you'll have to be more specific in what your stating is a shift in configuration. The stock triggered a long setup which is more important than other semantics. Let's stay focused on what really matters.
Speaking of IHS, From Chart
Posted by jacksoncrack on 19th of Nov 2015 at 06:37 pm
Speaking of IHS, From Chart 38 in last nights newsletter, would the pattern on SLW constitute an inverse H&S? And would a minimum target to the 200 day be pretty reasonable? It also seems to coincide with a gap left near there.
I do not see an
Posted by steve on 19th of Nov 2015 at 06:59 pm
I do not see an IHS pattern on SLW chart for Wednesday but I do see a divergent low followed by a long side trigger.