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| User Info | NASDAQ Daily Chart; entered at 2007-12-02 01:19:25 | |||
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Jinxx0r Posts: 3706 Registered: 2007-08-10 People's Republic of Illinois 
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that's a very skewed, non-symmetrical H&S pattern (which is generally unreliable). I think the near term double top is a better pattern to call here than the skewed H&S, IMHO. Watch out at the 2625-2600 area for a bounce... if it does it could be setting up an inverse H&S (which is NOT skewed in this case, fyi). Just something to watch out for... I think long term we're down, but short term we could still break higher. The MACD crosses are a concern on all my technical levels right now. Traders may buy the next dip (which may cause that potential bounce). Last modified: 2007-12-02 01:28:42 by jinxx0r
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