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Technology Stocks : INTEL TRADER
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To: Trading Machine who wrote (10930)6/24/2002 1:09:09 PM
From: Gersh Avery  Read Replies (1) of 11051
 
It's been a long while since I posted anywhere on SI ..

but I thought I'd note this one.

I just looked at the monthly SPX chart ..

very very nasty H&S pattern.

If we break the sept lows, that will be a break of the neckline in the pattern.

That would target another 608.36 point SPX drop.

Neckline = 944.75
high = 1553.11
target = 336.39 SPX cash

Oh shit ..

edit ..

Just noticed that the neckline is on a slight slope .. it looks like we may have already broken it.

I've gotta crunch some more numbers .. will post them later

edit again .. not broken yet .. but the above numbers are note quite correct. .. the neckline is probably ~960 today.
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