I'm not sure that pattern would really count here, and if
it did, that's one heck of a slanted neckline. The problem with
this H&S pattern is that by the time it breaks down, it will be
so incredibly far below the current price that it won't matter
anymore. (It would have to be down somewhere in the $40 range,
perhaps?)
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Possible H&S on IBM Weekly
Posted by jd111 on 1st of Oct 2009 at 11:46 am
I'm not sure that pattern
Posted by user32 on 1st of Oct 2009 at 11:51 am
I'm not sure that pattern would really count here, and if it did, that's one heck of a slanted neckline. The problem with this H&S pattern is that by the time it breaks down, it will be so incredibly far below the current price that it won't matter anymore. (It would have to be down somewhere in the $40 range, perhaps?)