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H&S neckline negated

A couple more higher days and the Head &Shoulders pattern should be negated as the right shoulder should be exceeded.. Maybe the head is the left shoulder of a more bullish pattern. Just thinking 

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4 Replies
sw363535
Honored Advisor

Re: H&S neckline negated

that would change the perspective of 2012.  

It would not take that much to push it that direction with the just in time supply pipeline we are in.

Short production anywhere now---- corn & beans cannot rebuild like wheat.  Wheat stocks are going to slide into the corn pit hard this winter.

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Palouser
Senior Advisor

I wished you'd warned me ......

...... before I reacted to all the bear attitudes and panicked and sold everything. I DID see pieces of the sky start falling (coulda been snow I suppose). So, NOW I should reown?  Or is this a head fake? We all know the EU is going into the toilet and drag China with them.

 

Just kidding!

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sw363535
Honored Advisor

Re: I wished you'd warned me ......

Thanks Pal,---enjoy the leftover pie.

 

If yours is gone, come by,  were good for a week.

 

 

 

 

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jrsiajdranch
Veteran Advisor

Re: H&S neckline negated

LOts of charts at the bottom of the sea to!  Before you get to excited remeber how thinly traded in volume this is.  Not saying we can't go higher just don't think this is all it's cracked up to be.

 

BUt if I am wromg I will be the last to admitt it!

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