MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Steve Lee who wrote (14066)	8/6/2002 2:12:01 PM
From: High-Tech East	Read Replies (1) of 19219

Steve ... would you please take a look at a continuous monthly chart of the US Dollar Index and tell me if you see the head and shoulders just formed ... ... if you do not have access to a chart, I will fax you one if you PM me your fax number... and yes, I know you are in England ... ... the bottom of the left shoulder (and the left side of the neckline) is June, 2000 ... the top of the head is July, 2001 ... and the bottom of the shoulder (and the right side of the neckline) is July, 2002 ... ... the new rally in August would be consistent with this in my mind ... then the plunge in September (probably) ... ... note ... the necklines of the H&S formations for the monthly S&P, DJIA, NYSE Composite and Nasdaq Composite were all clearly violated in July ... ... I do not know what you thoughts are re monthly H&S formations, and I would very much like to know your opinion ... Thanks, Ken Wilson

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