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

To: dennis michael patterson who wrote (37593)	7/2/2002 4:44:09 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 52237

doin good thanks look .. the H&S pattern seems like a unreliable pattern to most folks .. but for some strange reason, it seems to work out more often these days .. (of course it does .. bearish patterns work better in a bear market) However .. it is always a highly reliable pattern .. What throws people off is that, many times, once the neckline has been broken, the chart will move up above the neckline before it falls again to complete the target. Folks see the chart move up and say "see, look! it doesn't work .. " and by the time that the H&S pattern does it's real move it has been forgotten. It would be real hard to view the current neckline as not broken .. but it is possible. In which case we have a nice double (or tripple or quad) bottom. A move up from here would then fit both pictures .. nasty. However.. since we are in a bear market .. a nasty one .. we just might not move back up until we hit the 300 target. I'm going to start updating my fork page again. That should give me a move up target to stay within the bearish outlook. anyway .. the pattern is real and the very real target of the pattern is 336.