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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (2047)	7/25/1999 3:55:00 PM
From: Bilow	Read Replies (1) \| Respond to of 18137

Hi TraderALan; Regarding the head and shoulders pattern... I posted to someone recently that H&S usually is associated with a decreasing volume. That is, volume should peak at the left shoulder, should peak a little lower at the head, and be lower still at the right shoulder. Am I all wet? I can't seem to find a reference as to what H&S mean with regard to volume. It is possible that I am thinking of the volume decrease associated with a triangle... Thanks, -- Carl

To: TraderAlan who wrote (2047)	7/25/1999 5:09:00 PM
From: keith massey	Read Replies (2) \| Respond to of 18137

Alan Funny you should mentioned pattern failure. About 5 minutes before I read your post I was looking at the 30 year T-bond index and saying to myself...the almost text book head and shoulders formation that has been forming for a month and a half just produced a whipsawed on Friday and broke back above the neckline after breaking below it a week ago. Since the bonds effect all of us in some way it will be a fun one to watch to see how the pattern plays out. To make things a little more interesting.....the T-bond futures didn't break back above the head and shoulders neck line and is sitting right on it. One has a major failed pattern and one doesn't....Monday is going to be interesting because everyone will see the same signals but which group will react first? Best Regards KEITH