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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: robert w fain who wrote (2589)	12/18/1997 10:01:00 PM
From: TREND1	Read Replies (1) \| Respond to of 6180

robert The H&S formation goes back to a book by Edwards and Magee, first writen in 1948. (1)Think of a H&S formation as a "battle" between the bulls and bears. (2)The bears and bulls attack and counter attack. (3) The bulls are doing fine until they fail to make a new high (right S). (4) The key to every battle is when "all" know that outcome is no longer in doubt. That point happens when the bears push the stock price below the "neck line". (5) At that point the bulls retreat very quickly to the next support which is shown on the chart. .................................................. If you watch the History channel on TV, The wars always have this point where the out come is no longer in doubt.... Hope that helps ! Larry Dudash