Again, Head & Shoulder Pattern Should Be Tossed

I’ve mentioned it before, but I’ll mention it again.  Head & shoulder pattern is so unreliable that it’s only useful by the pros to manipulate retail traders.

INFN was up 10.4% after hours at 8.05.  Fortunately, this was a story play of mine in my IRA account; if I were trading this stock, I wouldn’t have caught this out of blue rally.  Target 8.50.

Advertisements

About fifty2weekhi

Profit for my kid's future.
This entry was posted in Trade Setups, Wisdom on Trading and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s