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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (131357)	3/28/2006 11:40:13 AM
From: Henry J Costanzo	Read Replies (1) of 209892

HD.....Well, jj....IF that IS shaping up as a H&S, looks like it must be a midget being held up on somebody else's shoulders.....LOL The head would only measure about 1.20 points high above the neckline....so IF it broke the neckline and turned into a real H&S, HD would only be falling back to about 41.50. That's about where the 50dMA is today...and where the last UT line from Feb is now........... I doubt very much there's any H&S in the picture........but IF so, wouldn't look to me like it would be any big deal.......gg

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