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Strategies & Market Trends : Technical analysis for shorts & longs

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Oct 31 5:00 PM EST

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To: Johnny Canuck who wrote (35780)	1/4/2002 12:46:32 PM
From: Robert G. Harrell	Read Replies (4) of 67519

Hi Harry, I'm a former disbeliever in T/A who over the years has gradually been "converted". I've never formally studied it. Just picked up bits and pieces through osmosis. I'm now working my way through Edwards and Magee's Technical Analysis of Stock Trends. I've come across what looks to me like a reverse head and shoulders on a stock I've followed for several years, THQI. I made a big mistake and got out of it in the 20's to support a position in another stock which turned out to be a total disaster. I thought I had found a good entry point as it broke out of what looked like a good base but it soon reversed and I stopped out as it fell back into the base. Edwards and Magee discuss reverse head and shoulders as a reversal pattern of a decline. My question to you or anyone who really knows T/A is does a reverse head and shoulders have a positive implication if it is on top of a long up trend? Thanks in advance for any help you can give me. Bob

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