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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (726)12/7/1998 9:26:00 AM
From: SE  Read Replies (1) | Respond to of 99985
 
Unless I am missing something, you both could be right. I believe the head and shoulders you refer to would give a target of about 9120 as a minimum to complete the move. I think LT has a bit longer term time frame in mind....

BWDIK!

-Scott



To: William H Huebl who wrote (726)12/7/1998 9:34:00 AM
From: Lucretius  Respond to of 99985
 
WH, yes the H&S pattern looks to be forming on this top. The double top I am refering to is the top this Summer and the one put in a week ago in the SPX and INDU. MSH and NDX appear to be going out in grand crash style. I have several stocks that I watch that have lead the mkt down and up over the last few months of this bear... one of them is NKE. Note what NKE did after its bounce and subsequent completed H&S pattern last week.

Bombs away.


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