Cortez
10-25-2007, 12:38 PM
Tom,
Correct me if I am wrong but I believe that an inverse head and shoulders pattern is a REVERSAL pattern in which a downward market becomes an uptrending market. I don't believe it is valid as a CONTINUATION pattern in an established uptrend as you stated in your commentary for 10/25.
Correct me if I am wrong but I believe that an inverse head and shoulders pattern is a REVERSAL pattern in which a downward market becomes an uptrending market. I don't believe it is valid as a CONTINUATION pattern in an established uptrend as you stated in your commentary for 10/25.