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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (21937)	8/3/1999 9:44:00 PM
From: James Strauss	Respond to of 99985

International Funds Also Heading Down... Don: Here is a one month chart of Strong International Fund... quicken.com It is showing a Head and Shoulders pattern where the right shoulder is lower than the left shoulder... This is a bearish pattern... The overseas funds were outperforming the U.S. funds this year... Now they're joining the U.S. funds in the slide... Jim

To: donald sew who wrote (21937)	8/3/1999 9:47:00 PM
From: stockycd	Read Replies (1) \| Respond to of 99985

Donald and all, I've been eyeing a possible H&S formation in the Nasdaq. I got the left shoulder peak on 6/21, the head on 7/19 and the right shoulder peak on 7/28. It's kind of a quick and crude formation with not much neckline but the resolution is sub 2400. Am I way off base here or does it look as though we go straight down from here? I doubt we'll get the sub 2400 but high 2400's is my target for the bottom. Still haven't got the balls to short the QQQ at this point. Chris