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Technology Stocks : Stock Swap
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To: Trader X who wrote (12651)3/9/1998 9:55:00 PM
From: SE  Read Replies (1) of 17305
 
Kevin,

Thank you for your thoughts. I was especially interested in the technical aspects that either make a H&S legit or will crush it like no one's business. I too believe that it would be a long term bear market should it occur. I posted earlier on another thread that one of the Y2K arguments goes that equipment up-grades will grind to a halt as companies spend their computer allocations on Y2K fixes and the timing would be about correct should that scenario unfold. If it does, I think you will see the H&S prove itself out. I don't know if that is true or not, but will be watching from the sidelines.

Looks to me like failure to make a new high has occurred and that the support of the neckline is being tested as we type.

-Scott
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