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Doug

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Reply with quote  #1 

updated my chart with the yahoo numbers. Looking at the yahoo id chart on this it looks like they shut down a rally attempt with potential bullish id pattern that targets resistance area.... time will tell

 

 



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Doug

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Reply with quote  #2 

Head n Shoulder pattern in play. Now the question is does it become continuation or top?



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Doug

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Reply with quote  #3 



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Doug

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Reply with quote  #4 

Now in a very wide consolidation area.

I just got a kick out of the max target being hit.



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Doug

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Reply with quote  #5 



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Doug

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Reply with quote  #6 



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Doug

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Reply with quote  #7 

Stalled at resis but then blew right thru, acting very well



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Doug

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Reply with quote  #8 

nice lil consolidation brewing here.



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PIK

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Reply with quote  #9 

Doug, great work.   

 

PIK 

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Doug

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Reply with quote  #10 

thanks Chuckles

Here is todays updated chart,



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Doug

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Reply with quote  #11 

If we fall off of the roof we won't land until we hit the floor but beware of the fire as smoke can rise a long way.



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bobalou

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Reply with quote  #12 
I hope this helps,my bs,I find that this market makes a ( cycle ? )low in this coming time frame. why ??
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doc

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Reply with quote  #13 

Nice Doug. Is this usually a reversal or continuation pattern???

 

Reminds me of the old riddle. If an electric train is travelling NORTH at 60 mph and the wind is blowing SOUTH at 30 mph, which way does the smoke blow?

 

Doc

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