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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (114549)	3/11/2005 10:13:31 AM
From: Henry J Costanzo	Respond to of 209892

Double Tops:..........From E&M: <<True double tops...are exceedingly rare.......And the true patterns.......can seldom be positively detected until prices have gone quite a long way away from them. >> Could be a double top, Ray..., but we won't know until we get back to around 40, and then.... <<........it is usually a signal of Major importance......they are usually a Primary reversal.........Even though prices have already receded 20%, the chances are they have very much farther to go before they reach bottom.....>> So make a note to ask me again, Ray, when we hit 40....<G>