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To: dpl who wrote (82045)	3/18/2001 10:07:09 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 436258

David, Or maybe we decline to 900 and run back to 1200 to form the right shoulder of a bigger H&S? Note 1998. Well that would be one possible outcome. It means of course that if this larger H&S you describe ever breaks, that the SPX's target would be approximately 420 - just rough measurement, and these measurement of the pattern provides a guide only for the expected outcome. Its not like its written in stone that price action will always follow through to the target. Its all speculation at any rate, although higher probability speculation than AJC's year end target. ;)