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To: Lucretius who wrote (11785)8/17/2000 1:02:49 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
Bought the OEX September 760's for 2 1/4.



To: Lucretius who wrote (11785)8/17/2000 1:24:20 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
only if you have a vivid imagination...anyway, H&S is the most unreliable chart pattern there is. i have seen so many this year, and every single one failed. remember the large h&s in the QQQ, as noted by a decisionpoint chart spot-lite? as soon as it broke the neck-line in May, it reversed.



To: Lucretius who wrote (11785)8/17/2000 1:29:25 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
i just looked at a 10-year chart of MER to gain some perspective. it looks like it's in wave 3 of 3 of 5 up...so that would argue for another correction, and then a final push higher for THE top...

don't take me wrong - after this rally tops out, i think major trouble could loom...i only think it's not time yet.

i reserve the right to change my medium term expectation as well...