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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: Ocote who wrote (4370)12/17/1997 5:36:00 PM
From: Dave H  Read Replies (1) | Respond to of 4701
 
Yes, Doug did point out that a breakout from the H&S is usually a very strong move.

The Dow stocks certainly have some interesting patterns to watch.
Another one that's extremely weak: IP
Take a look at T -- looks to me like it's forming a rounded top.

CPQ continues its slide today.
INTC is *so* close to breaking down...

What's holding this market up, anyway? ;)

-dave



To: Ocote who wrote (4370)12/17/1997 10:19:00 PM
From: Dave H  Read Replies (2) | Respond to of 4701
 
Ocote,
Take a look at MRK -- another one of those failed H&S that broke to the upside with a vengeance....but i find it interesting that volume is divergent since the gap up.

-dave


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