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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Cube who wrote (17030)	5/16/1998 3:50:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79273

Cube, LSS does have a similar chart. A possible inverted head and shoulders at a low point of a sharp decline. The catch is, there is no real MEEP (which stands for Mega Early Entry Point) support for the head or right shoulder and the MEEP on the left shoulder is sloppy at best. I can't give you any dates to reference because there aren't any established. One line to watch is the one along the highs on 3/23 and 4/22 but by Wed. or Thu. that line will be lower than what could be the tentative head so there would be no IHS at that point if the line were used as support. As far as the IHS goes, since there are no Mega Early Entry Point references, a break above the neckline of the IHS should be used for a buy signal. The (possible) neckline is across the highs on 4/22 and 5/11. Doug R