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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: John Pitera who wrote (26973)3/22/1999 11:53:00 PM
From: Lucretius  Read Replies (1) of 86076
 
hey entrails-boy:

check this out...

pull up a two yr line chart of the NYA... INDU and SPX will do too.

Compare the 4 month period leading up the Oct 1997 minicrash.... w/ the period beginning Jan '98 till now. You had a peak, a decline, a double bottom and then a rally to new highs in the form of a H&S pattern. Now, compare the up-angled H&S pattern now that has been put in over the last 5 months compared w/ the up-angled H&S pattern in 1997 that took two months to create.

spooky....
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