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

To: John Madarasz who wrote (53307)	9/15/2002 7:48:01 PM
From: ajtj99	Read Replies (2) \| Respond to of 209892

My simple observation of H&S patterns is that the ones that happen are the ones that are in the direction of the most recent trend. If the most recent trend is bearish, the bearish H&S patterns will prevail over bullish ones. The thing you have to ask yourself about the USD is whether the trend is indeed bearish. For me it's not too difficult, as I deal in international currency as part of my day job and believe the underlying fundamentals for the erosion of the USD will not change in the near future.