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Strategies & Market Trends : Market Direction Predictions and BS guesses

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To: the Chief who wrote (159)6/7/2000 9:56:00 PM
From: Vitalsigns  Read Replies (1) of 234
 
TSE has a large inverted head and pattern that is in the midst of retesting the neckline. What this means is in order for a H&S pattern to be validated, first it must cross through the neckline and then retrace to retest. We are now at that final stage . I have 9469 as the neckline but 9500 might be more reasonable. Either way , a rally from here would give us a measurement of 10517 which would be a new all time high. For this to happen we need to see a broadbased rally and possibly one lasting 2-3 months.

This would be right in line with Chief's theory that the summer rally may extend well past the usual mid july peak that normally affects the markets. This would also require the US markets to be stable to strong , which I firmly believe they will be.

There you have it Chief, I have now put a # to my prediction ,<gggg>

Vitalsigns

I can't seem to find my cloaking device, Did one of you turn it off on me? <gggg>
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