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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: John Madarasz who wrote (78848)	3/12/2001 11:32:01 AM
From: Michael Watkins	Read Replies (1) of 436258

This is a pattern I've noticed replaying itself many times over lately Certainly we are seeing plenty of bear flags within ranges; bearish wedges - these are typical formations on the right side of the H&S. I think the value of the H&S is mostly for visualizing where things can go - i.e. classic E&M measurement techniques still have a lot of value - but for timing I would use the shorter term patterns to base entry and exit decisions upon. The weekly chart of SPX has, arguably, a big H&S on it. Its not perfectly formed but it doesn't have to be to be useful.

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