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To: carranza2 who wrote (45353)7/11/2002 3:47:07 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
carranza: no, it indicates a reversal
of the previous trend i.e. the uptrend from the mid 1990s.

Once the right shoulder is complete it means more downward to go. Two caveats: TA is not an exact science, and H&S patterns can fail. Allan's chart is a weekly chart, which leave a little wiggle room for smaller timeframes.



To: carranza2 who wrote (45353)7/11/2002 3:51:00 PM
From: heehee1  Respond to of 209892
 
Carranza... H&S is indeed a reversal formation.. Keep in mind that H&S chart is a weeekly/monthly chart. The bull market we've had lasted atleast 16 yrs. So the last 2 down years is minimal compare to the 16 yr time frame..


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