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Strategies & Market Trends : The Market Beacons

SPY 681.43

+1.6%

Nov 10 4:00 PM EST

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To: Magnatizer who started this subject	3/28/2001 12:59:48 PM
From: Magnatizer	Read Replies (1) of 1298

Dow 60 min chart is hinting at a warning shot to bears here. It is forming a Inverted head and shoulder pattern. Neck line is 1:30 close bar on 3/20 to yesterday's close bar. Bottom of shoulders are, thus far, symetrical. I am going to take part of short off due to this formation going into a cross day tomorrow. When the crosses work to continue short term trend the moves are normally dramatic. ht Mag

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