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

To: Moominoid who wrote (32742)	10/29/1998 9:46:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

>>The chart looks somewhat analagous of the beginning of the July rally.<<< David, I get a projection of 195 on the Amazon chart if this is the case. I can count five waves on amzn to 10/27 besides ebay, however the correction in the last couple of days could be it and up and away. This period is reminding me of the february/march period last year when the indexes were overbought 70 plus rsi for the whole period. I guess it may take 6 months to work off the "crash of 99" cover the way it did for the "married to the bull" cover in april bb

To: Moominoid who wrote (32742)	10/29/1998 10:43:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 94695

David, Thank You for your responce on the H&S pattern If I could ask another question..? This is a stock that I follow.... This chart I believe shows a stronge and classic inverse head and shoulder pattern poised for a break out above the neckline. Formation of the left shoulder and neckline is stronge....head and reversal is stronge....the right neckline is well formed and the right shoulder is flat-weak, but accelerating upwards. Also the volume is correct showing strength on the right side. If externals factor in positively...this stock should move up nicely. iqc.com Have I missed anything and is the interpretation correct..? Can you project a price target to the upside also..? Thanks Chip