AQP

[Russ]

If you look at the period from Dec 2008 to July 2011 there is a massive head and shoulders which broke down in July 2011.It could be heading down towards its prior lows of around R8. This was my entry on 9 May (2 months ago) when the price was 14.57.Today it hit R8. Who says they don't believe in chart patterns?

[SimonPB]

did you trade it ??

[Russ]

No,I was giving Jehovah my opinion (seriously).Don't know if you can short it,anyway.

[Rams]

but you could have shorted almost any share in May and it would have hit R8? Facebook listed in May and its headed for R8....

[Russ]

I don't think many shares have dropped 45% in one month (not two,my mistake).

[Rams]

but the point is , you can prove any system will work by looking for charts that fit your description of a successful pattern...thats how books on trading are sold...it does not show the charts where the pattern did not work. So for every chart that you bring up, i can bring up one with the opposite!