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The problem I see is that if you ask 10 traders where the neckline is you
get 10 different necklines. I guess we should ask for pics of your neckline.
I believe that T-Bondtrader sent us a pic.
BA
--- In realtraders@xxxxxxxxxxx, DH <catapult@xxxx> wrote:
> > Yesterday was super, but today, for example, it looked
> > as if the breakout of the neckline on the recent
> > H&S on the Spoo was going to go and go.
>
> I'm not a big fan of H&S patterns but my understanding is that the
> pattern is not valid until the neckline is penetrated and the
> penetration holds. To talk about H&S before then is premature as one can
> find 'almost' H&S patterns all over the chart. Somebody who actually
> trades these things please correct me if I'm wrong.
>
> --
> Dennis
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