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03/10/21
22:08
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Originally posted by C Brooks:
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Great chart. To me it looks very strong powerful to the up side. In 2007..2008 there was the similar chart but in reverse. At that time I had one million dollars invested in the markets. 60 % was margin loans. My understanding of the power of a head and shoulders pattern saved me from bankruptcy. Unfortunately for many investors or traders they didn't understand the power of such a pattern. They prefered to follow fundamental analysis. Some companies were paying 8% dividends and in no time went into bank ruptcy. Fundamental analysis combined with Technical analysis to me is the way to go.
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I agree. A powerful TA tool. The above chart LPD, looks almost identical to the example below. ... Just need it to play out now!