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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (308)1/3/1998 7:35:00 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 745
 
bearshark,

On the inverted H&S, if the neckline is around 8200 and the head is around 6900, the projected moved is 1300 points. If we add 1300 to 8200 we get 9500. I was off 100 points.

Are you saying that what looks like an inverted H&S to me is really a widening triangle, or wedge, with new lows expected?

GZ



To: bearshark who wrote (308)1/3/1998 2:15:00 PM
From: Investor2  Read Replies (1) | Respond to of 745
 
RE: "Of course, a breakout from the 7750 level would be a decline to about 6650."

I assume you would classify a move to 6650 from the top of 8250 as a bear market. (Is that correct?) If so, does that imply that a breakout below 7750 will confirm that we are in a bear market?

Thanks,

I2


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