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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (104132)	5/22/2001 10:00:30 PM
From: patron_anejo_por_favor	Respond to of 436258

Fun with the S&P 500 monthly charts: stockcharts.com[h,a]maclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lg20] A casual glance at the SPX monthly chart reveals a forming H&S pattern, with the left shoulder in July, '98, the head at the all time highs, and the right shoulder forming now. This yields a nice, rising neckline, currently at approximately 1100. If this breaks, the H&S measures to about 650, neatly erasing all of the gains since the fall of 1996. Unlikely? Perhaps, but worth tucking away in case the market slides back towards a "retest of the lows"...