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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (2946)	4/28/2002 2:22:48 PM
From: Gottfried	Respond to of 95487

Kirk, thanks. I better brush up on IH&S. G. [end]

To: Kirk © who wrote (2946)	4/28/2002 4:24:38 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95487

Kirk, Gottfried, It looks like a potential IH&S pattern to me as well. If you look at the link referenced by Kirk, it seems to me the neckline should be a horizontal line drawn from about 2330 in late May 2001 to 2100 in the middle of January 2002. The neckline drawn from those 2 points is of course sloping downward(not as bullish a pattern as an upward sloping neckline according to Kirk's reference). With a neckline that is not horizontal, it depends on when the neckline is broken as to the level required to do so. Looking at the neckline I have drawn on a charting program I have on my computer, it appears to me that in the next several days the projected neckline is in the 1950 area. An upside through the neckline then would be going through the 1950 area with high volume(again, quite important according to Kirk's reference). The process I went through may be the same one that Kirk went through, but in any event, we agree on the number of 1950.<gg> Presently, after Friday's close at 1664, nearly 300 points required to break the neckline - a piece of cake?<gg> Don