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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (4880)	6/13/2001 4:47:39 PM
From: Clappy	Read Replies (1) \| Respond to of 209892

Thanks JRI and Allan. I appreciate the Murphy info. I see that the expected drop of a triangle would measure the same as the head and shoulders of which it is part of. If we fall through that neck line it could send this this thing tumbling down like a house of cards. NDX could very well go to the 1500's. However, if the Fed begins pumping money again or if the houses start pumping, it could cause one heck of a short squeeze from those who only see the H&S. I guess it's best to place bets after the the market tells us which way it wants to go. Either that or play on options collar. Possibly buying puts on the overbought and calls on the slightly oversold components of the NDX.