support levels held, page-9

ronnie,

On friday you posted this

"Head and shoulders pattern crystalising...as alerted earlier for CCU, gold, silver."

and on the very next trading session you are buying back in?

I've seen many people running around calling Head and Shoulders reversals and Double Top patterns on stocks and indicies when in fact they don't understand how to identify the pattern and are just succumbing to panic.

If you want to trade a stock to lock in profit in case of pending doom and gloom I'm happy for you, many people do it, myself included. If you want to start posting about Head and Shoulders reversal patterns on all that glitters and instill panic selling without providing any supporting evidence and then buying in the next day, it smells of 3 day old salmon.

If you can't post a chart can you please clarify your HnS patterns for CCU, gold, silver "as alerted earlier" by telling us:

-the top price of the left shoulder
-the top price of the head
-the top price of the right shoulder
-the days they happened
-the 4 points that make the neckline
-the day the neckline was broken and volume trigger
-the target price

please, because until you can your posts are losing credibility.

I see these patterns on charts a lot. They aren't 100%. I've seen price bounce off the neckline and go on to make higher high's, I've seen price break the neckline then reverse and break back above the neckline and go on to make higher high's

Cheers
Rhodes