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To: Chip Anderson who wrote (49171)	3/2/1998 5:40:00 PM
From: Bob Kimball	Respond to of 186894

Chip - right, LS is Jan '97. H&S patterns can take a very long time to develop; this chart is not at all weird. The Edwards/Magee rationale for H&S as the crossing of conflicting trends makes sense here As INTC has had such an extended bull trend, before we got the first price shock of a bear trend in 4Q'97. The symmetry "looks right" and as far as volume patterns go, I find it typical that the LS has greatest volume, followed by lesser volume at the Head (in this case you need to sum up the flat-top congestion action to arrive at a volume estimate for the Head) and lower volume still on the RS. The Elliott rationale for H&S concurrs with this 100%. I'm very interested in how you found this chart to be unrepresentative... I could learn something!