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Hey Master Danny,

I am short at YHOO $26.75, now I am starting to feel a little worried with YHOO being so strong the past 3 days. I plan to cut at the breach of the 200 MA around $28.72. Thankfully I was just half-in so $ wise its bearable. What do you think? Or should I cut na seeing it has already broken the neckline?

I would love to hear your opinion....

Hi sherwin!

Sorry for the late reply. I didn't know that our forum was already up and running. Its a good thing that arnold alerted me about this message. If you shorted yahoo shares, you should have cut it already around 28, or the break of the 200 day moving average.
The study that I posted about yahoo had certain conditions for it to remain bearish. It has posted strength so far in the near term. But volume continues to remain sluggish as it trends higher. I hope that you have already taken your position out of it. I cut mine around 28.25. My second shorting price was 28.39. It was a pretty good run for me with yhoo nevertheless I've moved my funds to xmsr for the moment.
I'll be checkingour forum everyday from now on. Happy charting!

Yep already cutted YHOO at $28.73 which is around where it broke the 200MA.

Hey, Sherwin. Just wanted to confirm if Im reading the YHOO chart right. When you said huge H & S pattern in YHOO, are you referring to the Nov -Dec period? Did you short before breaching the neckline? Thanks!

I shorted around the time when it was trying to go up again. My mistake was I went against the trend (at times it works, it just didn't this time around) thankfully I only went in half so I didn't really get hurt.

The H&S we were looking at was started on May 2005 which was the left shoulder, the head December 2005, and the right shoulder around May 2006. Tapos it brokedown (and gapped down) with volume on July...