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

To: orkrious who wrote (70488)	4/15/2005 6:31:01 AM
From: William H Huebl	Respond to of 94695

Mebbe yes, mebbe no. My experience with a broken H&S is that the markets try to regain the shoulder level and then some before they really tank. The same thing happens with expanding triangles of which one is in place only it is the lower trend line which is passed and then broken during the BK. All the caveats apply - IMHO BWDIK etc etc etc. Although the sell-off before tax day and on a Thursday may or may not have serious long term implications! (Tax day can cause people to sell to pay for gains. On the other hand, many big sell-offs start on Thursday!)