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Strategies & Market Trends : MP - Market Pulse

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To: mtnlady who wrote (473)	7/11/2001 10:49:38 AM
From: HairBall	Read Replies (2) of 1328

trade by. Hopefully Les or one of the other astute folks that contribute to or read this thread can answer your question regarding H&S patterns. I rarely trade off of H&S patterns so I am reluctant to give my take. I'll take a look at the chart and get back to you with my usual stuff, if thats OK. Right now QFeed is not drawing complete charts, so it will likely be later this evening before I get back to you. Retracing the move from the Dec 98 low to the Dec 00 high yields retrace support points (once that have not already been passed) at 50.35, 44.30, 35.7. And, a declining support line originating from the Nov 00 low is currently in the 49 area and declining. I cannot determine longer-term support as the chart is incomplete. Regards, LG

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