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b2 to alpha, is this a head & shoulders

  1. Brunette-two

    6,951 Posts.
    Hi Alpha.You are a more experienced chartist than I . Looking at this chart is it a head and shoulders formation a real nasty Bear signal please? The MACD and RSI trends also are falling down. It still looks sick to me even now well after my earlier posts, way back, have a look at my chart of 7 Feb 2003 under the title Time to Liquidate.
    There is also an Island Reversal when the last sweep upwards took place.
    Also big licks of shares were sold off to the 'easers' towards the end of January and early February 2003.
    As you know the Head and shoulders and the Island reversal patterns are two of the three most reliable chart patterns .And the shares have done no good ever since. There are a lot of investors who like them so I will be in the minority as is often the case.Never mind I am familiar with travelling alone. I look forward to your comments Alpha

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