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

To: ajtj99 who wrote (16346)	6/8/2004 11:22:44 AM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 207052

aj.... <<If macro trend is up, as I believe it is, most H&S tops should fail>> No prob.......Agree......or if not, they shouldn't carry beyond the first minimal measure... <<.....If macro trend is up......inverse H&S patters, even imperfect ones, should rule.>> Prob......and can't agree......IMHO inverse H&S patterns cannot be born in macro uptrends....(except, of course, at the beginning of macro uptrends.. <<I'm a clown believer in COMP 2940 for the high ..... a parabolic rise.>> Don't know about 2940....or parabolic......but guess I can fairly say I've been a "clown believer" for a long time now.....heavens, now some 18 months... Farthest I've been willing to stick my neck out so far has been around 2500/2600.....If Wave V beginning at the May low equals (in percentage terms) Wave I (Oct-Dec 2002).........and that lines up fairly neatly with a .382FIB retrace of the 2000 bear..........But who knows.......50-.62 retrace ??????