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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (7816)	3/14/2003 10:36:49 AM
From: Chip McVickar	Respond to of 206997

Markets do not go up on inertia..., you gotta have buyers and short covering in large numbers at the second shoulder of the inverse bottom. Reading Murphy...., he says volume needs to be Greater then the at left shoulder. He also says the return test of the penetrated neckline needs heavy volume to confirm. Personally, I don't like H&Shoulders of any kind..., they're a fickle pattern and not worth much attention. Often they just turn into coils and sideways action. Most likely this one is going sideways....! Looking at bottoms is better done with other chart descriptions. Amongest them is the " W " pattern, combined with pitchforks, and internal trendlines. stockcharts.com[h,a]wjhannay[de][pf][J10931642,Y]&listNum=8 Glad you liked the chart. Chip