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To: The Freep who wrote (7657)	2/6/2003 5:45:47 PM
From: mishedlo	Read Replies (2) \| Respond to of 10157

I can not speak for Brian. However, Since a stock can not trade below zero I suspect such H&S pattern will have strong support before the target is hit. ggg The patten is valid, the implied target is not. M

To: The Freep who wrote (7657)	2/6/2003 5:56:43 PM
From: ajtj99	Respond to of 10157

Augie knows that stuff inside and out. The minimum target is usually 20% from the neckline, average is 25%, I believe.

To: The Freep who wrote (7657)	2/6/2003 8:11:02 PM
From: the-phoenix	Respond to of 10157

How about half the distance to the goal line?

To: The Freep who wrote (7657)	2/6/2003 10:35:28 PM
From: Dan Duchardt	Respond to of 10157

You can always go to a log plot and look at % moves. In most of the data that can be analyzed to come up with the "rules" for determining targets, the moves are small enough so that it makes little difference whether you're talking log or linear. You can make the case that the rules should apply in % terms just as well as in absolute terms, to the level of accuracy of any of these rules. If the linear prediction is absurd, look at it on the log chart; at least that way the target will be possible. Personally, I think far too much is made of linear views of this market in the longer term, given the magnitude of what has happened in this century. A linear chart makes it appear that the rate of decline is slowing. A log chart of the S&P shows that in terms of % decline per time period, it's still going at a pretty steady rate, but with increasing volatility, and it could keep going like this indefinitely. There is no bottom to a log chart. The Naz started out faster and has slowed down some. Maybe the S&P will catch up to it. stockcharts.com[w,a]daclyyay[df][pb200][vc60]&pref=G