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To: donald sew who wrote (52677)9/15/1998 1:57:00 PM
From: Byram  Read Replies (2) | Respond to of 58727
 
Don, I don't pretend to know much but the Dow from Sept 8 to present seems to be an inverse head and shoulders... Can anyone see this and if it is --its could "melt - up " as early as this afternoon
Comments???

Byram



To: donald sew who wrote (52677)9/15/1998 2:02:00 PM
From: HairBall  Read Replies (3) | Respond to of 58727
 
Donald: Looks like the head and shoulders formation has been invalidated. Note the Dow Industrials (10-min actual chart), the head and shoulder formation is morphing into the Dolly Parton formation!

It always portends a "bust" out, of one side or the other! <g>

BWDIK
Regards,
LG



To: donald sew who wrote (52677)9/15/1998 3:29:00 PM
From: waverider  Respond to of 58727
 
Don, you said:

>>>We also have to keep in mind that this is expiration week and if there are alot of PUTS, then it would benifit the big boys to artificially push the market up.<<<

This is one of these things I hear time and time again. It makes since to me because I've seen underlying stocks close right at a particular strike price on expiration more than once. However, in my naive way, I don't understand HOW the "big boys" can manipulate things so well. Could you provide some kind of explanation to me?

Thanks for your analysis. It is excellent.

<H>