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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: d. alexander who wrote (24203)	10/30/1999 5:41:00 PM
From: Gary Martin	Read Replies (1) \| Respond to of 69913

Dorothy, I have to agree that the indexes (so far) aren't following the classical patterns. However, I always thought that formations such as the H&S top or bottom gave predictable targets for equity indexes. I do believe they work for bond and other commodities as well. In any case, the H&S top traced out by the DJIA and S&P over the last few months have been broken. The latest rally which took the index over the "Fail Safe" line which meant I had to use buy stops. Guess I'll just have to keep watching and waiting. Gary