RE:First Time Poster, Just my Thoughts
Good post. I've drawn up similiar but the problem I have is that if it's heading to low $16's you have two problems: A. You're now in the free fall from a text book Head and Shoulders Reversal with a measure move to ~$10ish. B. From the chart I posted the other day there is a volume air pocket between $17 and $15 so getting into those numbers should be like a hot knife cutting butter. I've said it before and will say it again the chart is broken and until we get a reversal pattern best place to be is the sidelines imo.