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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (27946)	8/18/2000 5:34:07 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

If the NAZ can not set a HIGHER HIGH above the mid-JULY peak, and lets say it only gets to the 4100-4200 range, it appears that the NAZ could be forming a HEAD and SHOULDERs, with the mid-JULY PEAK as the head and the mid-JUNE peak around 4100 as the LEFT SHOULDER. Im no expert in Head and SHoulders nor do I automatically accept H&S shoulder measurements since they often predict the big move and I normally stay away from those type of predictions. I just keep them in the back of my mind. If rates are left unchanged and the NAZ is unable to take out the mid-JULY highs then I would interpret that as a negative for the mid-term. Keep in mind the negative seasonality of SEPT/OCT. Interesting that the media hasnt yet start mentioning the negativity of SEPT/OCT. That a good thing in order to set-up some nice PUTs in the HiTECHs if the NAZ cant set a HIGHER HIGH after the FOMC meeting. Lets not forget that SEPT is the weakest month of the year and thats based on 50 years of data which is statistically viable. So the SEPT weakness would line up nicely with that HEAD and SHOULDER on the NAZ, if the NAZ cannot set a HIGHER HIGH above the mid-JULY peak.