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Strategies & Market Trends : Classic TA Workplace
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To: jjstingray who wrote (73132)5/7/2003 3:59:27 PM
From: ajtj99  Read Replies (2) of 209892
 
The thing about H&S patterns is that just like in bear markets they work like clockwork and inverse ones don't, they may not work as well in bull type markets, which is really what this is acting like. I would trust inverse H&S targets more right now than regular H&S stuff on a 60-minute. I think maybe .618 of the target would be more reasonable to expect right now.
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