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

To: AllansAlias who wrote (45452)	7/12/2002 2:04:51 PM
From: Gersh Avery	Respond to of 209892

ummm .. re timing that H&S pattern .. I have a fork that shows the SPX having not having the ability to hit my 336 target until March '03. the 500 or so numbers .. much sooner. Now then .. today .. A common move for the H&S pattern is to test the neckline from the underside, fail and fall. If you use 944.75 as the neckline, then today we moved up to within 10 points of it .. that's fugly .. very fugly. If that's all the closer this market can get, we're toast and the time is now!