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Ray, after looking at your charts for NSM, NVLS, and RJF i was reminded
of why it's so difficult to trade and why i haven't traded in a very
long time. Those charts do look like failing patterns, as you suggest,
but they also look like corrective patterns in a larger move. The key to
determine the outcome is volume, but that wasn't shown. If volume
remains high, then the trend is truly lower. However, if volume has been
dwindling, then there's a good chance that another major rise may
result. Anyway, the contradictions in trading make it very difficult to
be successful.
Ralph
Response to Ray Raffurty's subbmission of charts to confirm a market
reversal.
NOTE: Charts are not attached to this email response.
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