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

To: Shack who wrote (135686)	8/16/2006 1:33:30 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

The interesting thing here on SHLD is the possibility of a far bigger H+S top: it's making the top of the right shoulder now. Mildly downsloping neckline around the 135 area. Would need reversal on Thursday's earnings, I guess, in both cases. Otherwise, it's new SHLD highs.

To: Shack who wrote (135686)	8/16/2006 8:59:22 AM
From: Henry J Costanzo	Respond to of 209892

OK..I'm clear on your definition of gaps, Shack. My definition and that of classic TA just happen to differ from yours.... I quote from E&M (went through this with Ray a while back(): "GAPS on daily charts are produced when the lowest price at which a certain stock is traded on any one day is higher than the highest price at which it was traded on the preceding day." (That's a gap up....gap down: change to.....highest.....lower...lowest) Not a word about opening or closing prices.... I'll stick with that, thank you..and no gap in SHLD yesterday....