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Technology Stocks : INTEL TRADER

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To: Berney who wrote (6639)8/25/1999 11:55:00 PM
From: MonsieurGonzo  Read Replies (1) of 11051
 
TB:" QQQ 127~128 target? "

>I consider Bobby Beara to be one of the best chart readers on SI. He noted Monday that NDX had a breakout of an inverted H&S. I don't see it as clean on QQQ; but, taking NDX, I get a projection to QQQ as about 127...

...yeah, I got ~128 near-target for QQQ by fibonacci and UpTrend channel line convergence. Apparent H&S pattern neckline would be ~117 and (inverted) head 108~106 depending upon whether you're using CLOSE or LOW. Gersh points out that these "geometric" T/A patterns show up better if you flip your charts over to a "line" mode of closing prices only. Thanks for pointing it out to me, TB - it's nice to have some measures of extent.

where does "Bobby Beara" hang out - I mean, what thread ? Paste me a link so I can surf on over there (^_^)

-Steve
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