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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS -- Ignore unavailable to you. Want to Upgrade?


To: Saulamanca who wrote (17)2/5/2000 7:34:00 PM
From: bobby beara  Read Replies (1) | Respond to of 428
 
Jim, yep in bull markets H&S patterns fail, trapping the shorts at the bottom, in bear markets inverted H&S patterns trap the long players playing the breakout.

207.61.23.98

notice the inverted H&S pattern at the august bottom that rolled over.

The 1929 backside rally was a failed inverted H&S pattern.

The question is are we on the other side of the peak. I believe we are and a false breakout on hewlett packard with an immediate bearish engulfing reversal below the neckline (a nice big one) would help confirm that.

b