|
PureBytes Links
Trading Reference Links
|
I agree with your observation. This is a good head
and shoulder formation with the neck at about 80. Additionally notice that
the volume did not increase when it went to the higher high to form
the head. A move to a higher high in most chart formations than the last
significant high is a bearish sign in itself. While a large increase
in volume in the formation of the right shoulder is not essential it makes
the H&S formation in this case even more bearish.
Dom .
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=onwingsofeagles@xxxxxxxxxxxxx
href="mailto:onwingsofeagles@xxxxxxxxxxxxx";>Gitanshu Buch
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, March 22, 2001 10:09
AM
Subject: [RT] STK: Goldman Sachs
Query on chart, noting that the current bar is
incomplete.
Thanks
GitanshuTo
unsubscribe from this group, send an email to:<A
href="mailto:realtraders-unsubscribe@xxxxxxxxxxxxxxx";>realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
Paid Net2phone Advertisement - Click Here!
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|