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To: Patrick Slevin who wrote (40223)	4/17/1998 2:41:00 PM
From: SE	Read Replies (1) \| Respond to of 58727

From the FWIW department comes the following...... fast.quote.com The rookie will speak from the E&M approach to analysis. It appears to me that we have a head and shoulder's top formation on the chart. In addition the H&S top has an up-sloping neck-line, slightly. This, if I re-call, indicates a stronger pattern than a flat or down-sloping H&S. In addition it appears that the bottom of the left shoulder to the bottom of the right shoulder and the top of the head to the top of the right shoulder is a consolidation triangle formation. Normally a triangle will not necessarily give you a clue to the direction of the break-out unless it is a right triangle which will give you a clue. However, this pattern, coming in a H&S formation, I believe gives a clue to the direction. That direction will be down. It is, of course, possible that the H&S is a consolidation H&S and will go higher from here, but I doubt it. I think the measuring implications of the triangle would be about 1060 on the June futures, BWDIK. I am sure there are some experts out there that can either confirm this read or fix what I have missed. The rookie has spoken. -Scott