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

To: Henry J Costanzo who wrote (62718)	1/4/2003 1:08:09 PM
From: mishedlo	Read Replies (1) \| Respond to of 209892

stochastics half up but price did not go up much. There is no guarantee they get to the top. We could easily stall at the 50% retracemnt level. If they do get back to the top, I would expect a lower top which would be a negative divergence. Upside seems more limited than downside. I do not place much faith in H&S bottoms in a bear market (not after a big runup anyway). Likewise placing faith in a H&S top in a bull market is probably not best either. M