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To: Paul Shread who wrote (450)	3/6/2003 10:44:50 AM
From: Paul Shread	Respond to of 41558

FWIW, that TNX H&S top measures to ~31.7, right in reaper's 3.0-3.2 target range.

To: Paul Shread who wrote (450)	3/6/2003 11:15:27 AM
From: ajtj99	Read Replies (1) \| Respond to of 41558

Yeah, I've been watching that for a while. The measured target is 31.50, but I've been looking for 32 for a low ever since the summer. We could see that 31.50 in April, with a re-test in late fall according to some things I've been looking at.

To: Paul Shread who wrote (450)	3/6/2003 12:00:06 PM
From: Henry J Costanzo	Respond to of 41558

Re possible H&S top in TNX... Paul: I'm frequently out of step, and maybe this is another case of my being off-base....but - FWIW - I find myself frequently surprised - as is the case with your new call - by WHERE people spot H&S formations........ .TNX fell from about 5.4 last March to around the 3.5 area last Oct and again in the past few days. The Oct-Nov rally retraced only a modest .38 FIB of the March -Oct retreat. With that kind of pattern, It simply would not occur to me to even look for an H&S TOP - which IMHO should be a REVERSAL of an EXTENDED advance. Seems to me that if any H&S pattern were to be looked for in this area - after an extended DECLINE -- it should be an H&S BOTTOM (of which, of course, there are no signs). This is NOT to say that TNX may not be headed lower at this point, but I would not judge the extent of any further decline by using H&S measuring rules........ .........Forgive this kind of a rant ......and Cheers