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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (3574)	9/24/1998 6:44:00 PM
From: set	Respond to of 5676

re: the h&s discussion you've been having with GZ - in the battle of heads and shoulders, the one formed this year is clearly winning out so far having provided better resistance than the previous one did support. retail heading down now. it led down last time and maybe that's happening again. I thought domestic was supposed to be safe? INTC 5 and 10 year charts are interesting. It's on the bottom of a long term channel (run through bottoms in 94 and 96 and tops in 93 and early 97). A retest of local lows would have more than local implications for that channel. Not much there between here and $40. LU is similarly vulnerable. next support is way down there, even if it stays positive for the year. nevertheless, new high in EMC and AAPL looking good. so what if we get a trading range in which all of these bullish and bearish indications are played out? The window between these necklines doesn't close for a long time.