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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: NewKit who wrote (4878)8/14/1999 9:17:00 AM
From: James Strauss  Read Replies (1) of 13094
 
Do you think DOW is going to form a H&S?

NK:

A Head and Shoulders formation is one possibility... Another is a triple top test if you count the slightly lower May top... This becomes very significant whatever way it goes... A breakout above the former two peaks would be very bullish... A breakdown sets up a re-test of 10,4000...
bigcharts.com

Jim
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