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

To: Wayners who wrote (50143)	5/10/2000 2:03:00 PM
From: KymarFye	Read Replies (1) \| Respond to of 99985

<<If thats true, then where do head and shoulders bottoms come from? Eventually a low cannot be retested and you get a higher low. All bottoms are not double bottoms.>> Well yeah... there's all kinds o' bottoms. Was responding to the idea that we were on the way to a happy w this very day. But a head and shoulders bottom would actually fit the same scenario fairly well, with the head being the lower low (remember an h&s bottom is an inverted h&s) or second "v," and the inverted right shoulder subject to various interpretations. It all depends on context. The reason that a technician might be happier with a lower second "v" would be that it's thought to signify, at least potentially, the real shaking out of the last weak hands.