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To: The Verve who wrote (20235)	10/19/1999 2:10:00 PM
From: E. Graphs	Read Replies (2) \| Respond to of 25814

No, not unless it breaks the neckline of support, and if so then yes you have a rule of thumb/measurement for your downside. But, I take into consideration a number of different formations all playing against each other within the same chart.......so even though there is a H&S and it in fact broke the neckline there is also support from other formations at work within the same chart. That's when you go with your experience after watching a lot of charts at work over time. In addition to that there are consolidation H&S formations that are actually quite bullish and usually come just after a breakout. It's worth learning about H&S as they are easy to spot and can tell a lot.