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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (7006)10/22/1998 1:15:00 PM
From: Arik T.G.  Read Replies (1) of 44573
 
TT,

Re: H&S

It is a classic. The left shoulder on 10/16, the head on the 20th, now building the right shoulder on lower volume.
Target around OEX 510 should be reached 1/2- 1 trading day after breaking the rising neckline, currently at OEX 522.5 SPX 1063.
I speculate that the neckline will be broken today, but if we pass OEX 528 first the formation could be false.

ATG
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