This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
I think you've got the definitive levels there with those neckline extensions, and that they'll mark a clear breakout level or definitive IT overhead resistance.
I should add your chart to my latest update since it adds to the bearish argument (which I said was lacking and in need of more supporting evidence). Better yet, if you would like to post it as a comment, please feel free. http://www.highrevsopenhouse.blogspot.com/2012/08/august-encore.html
I think you've got the definitive levels there with those neckline extensions, and that they'll mark a clear breakout level or definitive IT overhead resistance.
ReplyDeleteI should add your chart to my latest update since it adds to the bearish argument (which I said was lacking and in need of more supporting evidence). Better yet, if you would like to post it as a comment, please feel free. http://www.highrevsopenhouse.blogspot.com/2012/08/august-encore.html