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AXPW Inverse Head and Shoulder 5/20/2011

May 20, 2011 11:07 PM ET
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Long Only

Seeking Alpha Analyst Since 2008

Spent over 30 years in computer systems work, many different functions. Owned my own business for awhile. Got tired of it (managing employees is not my baliwick) and stopped doing it professionally. Did other things, off and on, for some more years and finally bumped into this investing/trading stuff. "Looks like a challenge" said I and jumped in (I've found I'm happiest learning new things and overcoming challenges - this certainly qualifies as a challenge). Still on the steep side of the learning curve, but with facilities like Seeking Alpha, internet availability of all sorts of information and dedication, I'm beginning to improve my performance. As part of that learning, I've recently been working on learning technical analysis of charts. I Have been using covered call options for a while and had good success with that, so I'm currently studying and playing with small positions using other option strategies. Being interested in a lot of different things, I had a desire to check out natural gas, due to its environmental and potential cost benefits. Fortunately, before I dabbled in it, I had already learned to not trade on emotion and had started getting familiar with how I might more effectively use technical analysis of charts. My first foray into NG, using UNG, I made a small return in a short time, thanks to the charts. As time goes on, I'm discovering additional resources. It looks like I might enjoy doing this for a long time. Because of my background, I guess, I'm a big believer in "community knowledge". That is what any one of us knows is available to all the community members, except for those that need a serious "attitude adjustment". I enjoy learning from all and sharing what I may have to contribute.

AXPW Head and Shoulder partial chart 5/20/2011

From Bulkowski’s Head-and-Shoulders Bottoms I can't see why this is not a head and shoulders bottom.

We match requirements and sample patterns shown.

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