possible head and shoulders top forming ?, page-39

Personally I was very disappointed (gutted infact) to see the early signs of a head and shoulders pattern some time ago as I truly believed this stock would continue its uptrend as this stock was my largest position at the time ...but Ive learnt the hard way not to fight the market over the years (I used to permanently wear rose coloured googles) ..now I just go with what the market flow is telling me and post objectively what I see. Charting is not science its more of an art form it documents patterns of behavior of investors ... I have never seen two H & S patterns exactly the same or exactly the same as described in textbooks but if its 90% there then probability is high that it will play out. I cannot guarantee that it will also hit the projected 36c target get near it or go beyond it but probability and history of similar H & S patterns of behavior says it will be strongly drawn to this region.


Lastly I reiterate ... Don't fight against the direction market is heading as its a fight you will almost always lose.