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Strategies & Market Trends : MP - Market Pulse

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To: HairBall who wrote (255)	7/1/2001 10:42:53 PM
From: John Madarasz	Read Replies (1) of 1328

LG...aahhh, just what the doctor ordered..thanks<gg> I'm going to stick to my guns and honor my call of the H/S pattern, even though the extended neckline is now borderline support. I'm leaving it as remaining in play until right shoulder highs get taken out on a closing basis...just like a true rookie<g> If the rally fails here, and re-traces some or all of the rising wedge measurement, I would think that the lower gap support at the bottom of the wedge,and rising red support from the June 20 lows, would provide a bounce....at least intraday. Bullish action might be a falling wedge to support, with the same type of repeat action...consolidating under resistance. Good trading. Regards, JM

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