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

To: Caxton Rhodes who wrote (39855)1/2/2001 9:15:30 PM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
QCOM's H&S appears to be about 108-75, or 33 points, which calls for minimum downside to 52.



To: Caxton Rhodes who wrote (39855)1/3/2001 1:39:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 42787
 
>>does it give any indication of the amount of the reversal?<<

Yes, you measure from the neck line to the head and project downward to get the MINIMUM amount of the move. Volume should be larger on the left shoulder then the head and last the right shoulder all in a declining trend but peaking slightly on each hump to be valid.

Good Luck,

Lee


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