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Strategies & Market Trends : Waiting for the big Kahuna

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To: Arik T.G. who wrote (28012)9/16/1998 12:57:00 PM
From: GROUND ZERO™  Read Replies (4) of 94695
 
ATG,

Another interesting note here. Basis the DOW, during the last five or six months of last year, the chart formed a classic inverted head and shoulder pattern which forecasted a measured move to about 9300. That objective was satisfied, and now the market only came back to test the neckline of that head and shoulder pattern, the neckline is slightly declining which I believe is irrelevant.

If we resume this rally, we could see a test of 9300 once again, believe it or not. This post is not intended to be provocative, just a technical comment. What do you think?

GZ
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