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I have studied
Earl's charts on symmetry and quite frankly often have trouble distinguishing
the symmetry. I have the highest respect Earl's commentary and analysis as
he is always thorough and thought provoking. I know that my problem is my
own inexperience. However, the light bulb seems to have come finally come
on for me with regard to symmetry. I had a 20 minute E-Mini S&P chart
on the screen with 25 days of data. I compressed it down into the
tightest format and it gave what appears to me as a perfect example of
symmetry.
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Around May 22 there
is a nice double peak at about 1320. About 4-5 days on either side there
are corrections that peak around 1300. Then about 4-5 days on either
side of that the market level is down around 1250. Then looking to the
left for about 15 days the market moved between a range from about 1240 to
1280.
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Does this left range
look like the left side of a Head and Shoulders pattern with the right side just
beginning to form?
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Would appreciate any
realtrader comments on my observations.
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<FONT face=Arial
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<FONT face=Arial
size=2>Bill
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