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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn

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To: Frederick Langford who wrote (1835)	10/29/2002 10:37:07 AM
From: Jerry Olson	Read Replies (3) of 1854

FRED HERE'S WHAT I WROTE IN SUNDAYS LETTER..ONE PARAGRAPH.. Look for failed breakouts of these Inverse Head & Shoulders chart patterns on almost ALL indexes on the Daily Candle Charts, we are nearing the Sept 11th highs...Please check these out...the necklines are right here...watch for a spike above the necklines and then a severe pullback to TRAP the longs...We are right at the top here ready to pop for a little more upside before we pull back...Of course if we do not pop immediately next week then it's all over for now...We are short term overbought and due for a substantial move lower...Do not get euphoric, and stop thinking we can't correct...I am betting on it...

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