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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (3644)	9/7/2000 4:59:28 PM
From: pooh101	Read Replies (1) \| Respond to of 100058

fly....are you talking about a possible H/S with the left shoulder on aug 3 and neckline aug 11? i'll be back later to check on ya. gotta run for now. pooh

To: longdong_63 who wrote (3644)	9/7/2000 5:01:13 PM
From: flyeguy99	Respond to of 100058

LD, I see your potential inverted h/s in the weekly, its forming inside that rising wedge, what I'm talking about is the regular h/s on the daily which measures down, There is also a nice inverse h/s formed on the 5 minute chart of the Naz which has support at 4072-4074 and measures to about 4170-4175 by Friday afternoon/Monday morn if the pattern stays valid, thing is this 4170-4175 area would be the bottom of the rising wedge that broke down yesterday on the daily chart, and if this were to be hit it could just be a test of the wedge before it rolls over again, It all depends on your time horizon on which chart you decide to go by. I won't be too bullish on the Naz until 4300 gets taken out on this pattern, I actually go by the 5 minute chart most of the time and it points to further upside tomorrow as long as 4072 holds. Fly