First Asset Morningstar Emerging Markets Composite T.EXM.A

TA question/Gabe/matt/hal

[OilSandSam]

Okay, we have an inverse H&S (a short one) inside another possible H&S that may be forming. The smaller H&S is under the 50 day moving average, which is positive for this pattern. Now this next one that may be forming would be above the 50 day moving average, but if you use the 200 day average for it, the shoulders would be just above it. Is the second one over a long enough period of time to use the 200 day average? What do you think of the two together? Thanks.

[Kruzer70]

To be honest I don't see a H&S pattern forming. Usually there is a distinct volume pattern that goes with a H&S pattern which I am not seeing. It is very common for people to attribute any series of more that 2 'bumps' on a graph as a H&S pattern. What I do see is a recent MACD cross over. In addition, the price has recently crossed both the 50 and 200 day MAs. The

[COJones]

I'm having a little trouble with the daily and could see a little pull back ....... or not BUT the weekly is killer!!!! imho

[gabrielgray]

I see what you're saying about a larger head and shoulders forming up around the small one. Could be, but I see a potential problem as it currently stands: The right shoulder doesn't want to draw itself properly for some reason--it should have confirmed a new neckline at around .57. Instead of that, it's hunching upwards towards .60 to .62. Thus, instead of a proper head-and

[OilSandSam]

That is a most profound thought. lol. You just made my day. In regards to my other post, I did not take into account the common shares already held by management/insiders. That would equate in a higher percentage, held in good hands, when added in. My opinion.