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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (67632)	11/30/2003 7:01:10 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

I am not suggesting anything. Here are the facts as I know them: - H&S patterns are valid around 95% of the time! That also means they don't fulfill expectations 5% of the time. - How you measure where the pattern will complete is based on the distance from the top of the head to the shoulder area. The completion of the pattern is that distance BELOW the shoulders. - For the DOW, that is around 3,000. - There is an inverted pattern which has not completed which could take the DOW back up to 11,000. So the question is, which one(s) will complete and in what sequence? None of the above are suggestions at all. Just my understanding of the H&S pattern and what the 2 mentioned above possible imply. I am not suggesting anyone do anything except do their own homework and do what they think best. If this thread helps them in any way, that is a bonus! And just for the record... I was calling for a market retreat throughout 2000 and 2001 before the bubble burst! So some of the ideas here do turn out to be prophetic.