AXPW Inverse Head and Shoulder 5/20/2011
May 20, 2011 11:07 PM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.
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.
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.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.