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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (46269)	7/18/2002 6:21:23 PM
From: John Madarasz	Read Replies (2) of 209892

That thing has been fighting to get back inside the triangle on the weekly, it's bearish as hell, and the "unreliable" h/s in play will invariably make it's measurement at 30 or so. i'm becoming more and more convinced that the head and shoulder formation is going to go down in history as the undoing of this market, and many of the world indices. Look at the FTSE et. al. I'll say again...the fact that it is STILL so doubted, and so maligned as unreliable and antiquated only adds to it's validity, and virtually assures it's success for follow thru. One look at a hundred year plus cycle chart of the SnP and it's a NO brainer. boomspeed.com mark my words.

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