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


To: GROUND ZERO™ who wrote (311)1/3/1998 7:42:00 AM
From: bearshark  Read Replies (1) | Respond to of 745
 
GZ: Thanks for the information on the head and shoulders. Whether you use the inverted head and shoulders or the triangle, we both have the potential for a screaming breakout.

I am looking at the chart right-side up and drawing the triangle. My triangle is open from the past and will close in the future. Your inverted head and shoulders is very clear to me. I just did not figure out the 9600 number. But I see it now.

I guess I could have drawn the first leg of the triangle from the 10/97 high to the 10/97 low--that would reduce the projected breakout by about 100 points. But at well over 9000, who is going to quibble.