Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.66

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Dec 5 4:00 PM EST

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To: Clint E. who wrote (32757)	6/13/2001 1:52:37 AM
From: Johnny Canuck	Read Replies (1) of 68648

Clint, At this point I am not sure which direction is easier. I think we are still trapped in a range. It looks like some analysts are calling for a head and shoulders formation on the COMPX. wallstreetmonitor.com It looks about right to me as the volume is accelerating on the formation of the last leg of the right shoulder. The downside target would then be equal to the height of the head which would be 200 points (about 10 percent correction). It would be good to have Jim or Thomas to confirm as I don't use patterns that much.

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