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  • thewicks17 thewicks17 May 31, 2010 12:50 PM Flag

    Darby calls 0.90 - I agree

    I agree Darby, 0.90 could be seen in short order with some increased buying and the MMs letting it go to try and shake some shares loose.

    Posted by: darbyflier Member Level Date: Saturday, May 29, 2010 2:16:28 AM
    In reply to: Klospin who wrote msg# 127983 Post # of 128288 Send a link via email Share on Facebook Tweet this post
    As I mentioned in one post - that is the buy line as you point out (for those following charts). If it can get up above there in a meaningful way (on expanding volume and the short term charts will show signs), then we can say the head and shoulders is invalidated and the resulting measured bull move goes to .90. Much like the historical chart I posted earlier today oct-dec '09. However, this head and shoulders has to be respected as it is a very different animal than the similar looking (but very different) formation in that historical chart. (We do differ in log vs. linear chart, stay with what works for you, but linear chart settings are crucial for pattern behavior charting).

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