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

To: Paul Shread who wrote (12034)7/18/2001 2:33:36 PM
From: donald sew  Read Replies (1) | Respond to of 52237
 
Paul,

>>>> cache.wsrn.com <<<<<

If we go with your HEAD & SHOULDER possibility, then the neckline would also be the lower trendline of the BEAR FLAG you drew, which would target about 1550-1525, and which would set a LOWER LOW.

As for the measurement target of that bigger BEAR FLAG, wouldnt that have the same target as the H&S.

Also, the DECLINING WEDGE, I mentioned - if that gets negated to the downside that would support your BEAR FLAG or HEAD & SHOULDERs. Just mentioning the DECLINING WEDGE(bullish) again, since the NDX is already sitting right on the lower trendline.



To: Paul Shread who wrote (12034)7/18/2001 2:40:52 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 52237
 
No offense, but re the possible H/S you mentioned - and re some other posts I've seen in recent weeks on possible H/S's - would like to quote from my EM bible on the features of H/S patterns: First..."a strong rally, climaxing a more or less extensive advance, on which trading volume becomes very heavy......"


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