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

To: HairBall who wrote (62778)	11/17/2000 11:24:44 PM
From: bobby beara	Read Replies (4) \| Respond to of 99985

LG, u and mike watkins stop beating up on H&S patterns -lol-, security trader uses em all the time and he is one of the best st callers on the web imo. the h&S pattern both inverse and regular is a glimpse of investor behavior at turning points, and while i'll agree with u that they are not extremely reliable, it's not something to poo poo, many big moves over the last six months - year, both bullish and bearish have been out of H&S patterns, these are patterns of accumulation or distribution. and yes, many h&S patterns fail and become continuation patterns, but like all patterns, you can roll 7 or 11, nothings perfect, add in a little eye of bat and gonads of newt and a drag on dead spinks bong, plus a call to madame beara's 900 line will give u the perfect storm -g-