The Millennium Crash Message Board

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Strategies & Market Trends : The Millennium Crash

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To: GROUND ZERO™ who wrote (3570)	9/24/1998 8:02:00 PM
From: bobby beara	Read Replies (1) of 5676

GZ, this is Shahar's battle of the Head & Shoulders -g- if it penetrated it for a day or so and then resumed trading above it, but, it didn't happen. The 983 neckline was penetrated and closed three days below it (not consecutive days) before gyrating up to the neckline of the March thru August 26th H&S pattern neckline with the neckline coming in somewhere in the 1053 to 1060 area. We closed above it slightly and made a big reversal today. I would say the bottom channel has been penetrated as of yet more violently and we would need to get the market back above 1060 within the next three or four trading days or the battle of these two channels is being won on the bear side. Thoughts??? bb

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