BATS:ROST   ROSS STORES, INC
215 16 1
HS confirmed
I like when the left shoulder breaks the trendline, but that's just my personal favorite. Also, I like to use volume too and look for high volume in the left shoulder, lower volume in the head, and then less volume in the right shoulder to show exhausted buyers and a wall of sellers building up.
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KLang timwest
That's interesting, I've never heard of that idea of left shoulder breaking trend line. Yes, I agree the vol pattern traditionally should he higher in the left shoulder. So far, however, this is confirmed nonetheless.
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Sorry about the comments by motleifaul and BartMedes. I wish everyone would publish their own charts too.
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KLang timwest
I've noticed one in a while I get comments that are either full on lacking thoughtfulness ("It's going up/down!") without any chart theory behind it or sometimes plain ol' hostility. It's odd :) But I love the exchange of real ideas and charts!
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Agreed. It would be nice if they explained their reasoning. Keep up the good work. :-)
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KLang timwest
Thanks for the encouragement, Tim!
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9pin KLang
K... just to throw my 2 cents in; terrific work across the board!
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Thank you!!
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I expect a retracement until just below 72 and then a further fall till 66. We are still in an uptrend.
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KLang motleifaul
Whatever. If you don't have anything useful to say - keep it to yourself or do your own chart.
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