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chart analysis, page-12

  1. 2,661 Posts.
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    Proofeeder

    whats your point about UGL. It was a head & shoulder pattern which was following the XJO200. Once it broke 15.50ish it was "look out below". This is what tech analysis is all about.

    I wouldn't exactly call TMR a double bottom based on that .11 (twice touching). For starters, they are too close together. Double/triple tops & bottoms work best when there is longer time between the points.

    Machsphere, keep up the work with the charting and if you follow it mechanically you will be rewarded. I really don't see why posters should be critised in these forums either, especailly about charting. Others can learn from it.
 
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