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To: Henry J Costanzo who wrote (165431)	3/26/2008 8:58:40 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

Not what the book says. It's a Consolidation .. not an Inverted.

To: Henry J Costanzo who wrote (165431)	3/26/2008 9:09:52 PM
From: Galirayo	Respond to of 209892

>>A reader asked me if I see the S&P 500's head-and-shoulders pattern. I took a look, and I admit I can't tell if he means a head-and-shoulder consolidation pattern, which is bullish, or a head-and-shoulders top, which is bearish. If I have to study the chart so hard to see the pattern, then it probably isn't there. << thestreet.com In this article, the daily chart shows a head and shoulder consolidation breaking out on the upside with volume. The target for this head and shoulders consolidation is determined by measuring the move preceding the consolidation pattern and adding it onto the top. technical.traders.com You don't need to believe there's such an Animal .. Till I find Another One. LOL