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To: UnBelievable who wrote (4752)6/12/2001 4:56:58 PM
From: Shack  Respond to of 209892
 
I still wonder how much down we are going to get UB. The sentiment indicators are turning bearish quickly here and I smell a trap for the bears. I think a great long opportunity awaits us at some point in the next week or so. June 18 has potential for me given its a heinz cycle turn where he is looking for a low.

As for the VIX, I expect a sub 20 reading before the market tops out.



To: UnBelievable who wrote (4752)6/12/2001 5:14:01 PM
From: AllansAlias  Read Replies (4) | Respond to of 209892
 
H&S are watched now by everybody, their dog, and even folks who distrust TA. Nope, I don't like the looks of this.

Hey, I'll play it which ever way it falls, but one should remember that the most reliable signal in all of technical analysis is the hound of the baskervilles. If this thing starts to push what folks see as the high of the right shoulder, you want to be long, IN SIZE.

Cheers


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