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ADBE Head and Shoulders

th_adbe_shoulder.gifheres an interesting chart. ADBE's chart looks like it has created a head/shoulders formation. i've never traded on a head/shoulders chart before, so you might want to read more about this kind of pattern to see if theres any money to be made.

i skimmed my book about head/shoulders patterns and it seems like its supposed to indicate a pending reversal. not sure though, because i read it kinda fast. but i hope this chart was helpful. take care. btw, i finally learned some basic PHP codes to get the recent posts column in the right navbar working.

UPDATE: extrapolating the neckline points to $26 as being a possible reversal price. i'm considering buying some shares, so i'll be doing more research on ADBE in the next few days.



2 Responses to “ADBE Head and Shoulders”


By Anonymous on August 8th, 2005 at 8:18 am

i think the neckline should be sloping upward and its already been broken to the downside.

By Sit N Go Journal on March 27th, 2008 at 4:59 pm

Sit N Go…

Really enjoyed that article,tell me do you have any other blogs? Why not come and write for me I have a wicked article site you could submit article for?…

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