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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: TATRADER who wrote (251)1/7/1998 2:22:00 AM
From: Michael Berkel  Read Replies (1) | Respond to of 18691
 
Mark, talking about heads & necks & shoulders, here is a posting that I found on the Strictly Oil thread. P. Engr. is a very well respected guy who timed the market and specially the drillers right every time.
"Look for the S&P500 to take out it's neckline (around 900). At that point, look for a very sharp sell off..down to the 650 area".
Again I am not a technician and maybe you might be able to confirm the correctness of his gloomy outlook or at least shed some light on this as well?

Read it:
3techstocks.com

Thanks,

Michael B.