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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Thomas C (Hijacked) who wrote (32640)	10/28/1998 7:25:00 PM
From: GROUND ZERO™	Respond to of 94695

Tom, I see what you're looking at, but I think you might be forcing it a bit, to make a head and shoulder out of that, it needs to be hammered out a little, it's kind of lop sided right now. Rather, it looks more like a well defined trading range. BWDIK GZ

To: Thomas C (Hijacked) who wrote (32640)	10/28/1998 7:39:00 PM
From: Haim R. Branisteanu	Respond to of 94695

DELL may form a H&S I would suggest to read this www2.nando.net Haim

To: Thomas C (Hijacked) who wrote (32640)	10/28/1998 8:04:00 PM
From: bearshark	Read Replies (2) \| Respond to of 94695

TomC: Thanks for posting the chart. I am happy to see someone using Edwards and Magee. The problem I have with the chart is primarily the volume. On the left shoulder the rise in volume should have been on the ascent and lower volume on the decline. In the DELL chart, the volume climaxed at the bottom of the recession. On the head, there is a little rise in volume as there should be but it is rather low. Going into the recession between the head and right shoulder, there should be a decrease in volume. However, volume increases especially at the bottom of the recession. Additionally, that spike looks out of place in the formation. E&M says "Note that each and every item cited . . . is essential to a valid Head-and Shoulders." One caveat. In many formations, people will play an incorrect formation and actually make it work. You have the right book to work with--it is the classic. 207.95.154.130

To: Thomas C (Hijacked) who wrote (32640)	10/28/1998 8:52:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 94695

I had been thinking that DELL was a broadening top as in Edwards and Magee. This rally will have to end below the last peak for that to be confirmed. The head and shoulders interpretation also doesn't accomodate that first peak in July. David