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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (24228)	12/12/1998 4:25:00 PM
From: Kevin Shea	Respond to of 79273

H&S traditionals (2X neckline)will suggest return to resistance in 8350-8450 range. I expect a test there. My expectation is that the January Effect may likely reinvigorate the market at that time and hold the resistance. I'm watching my 21d%R oscillator trendlines closely for a break. If one occurs, -- I AGREE, Look out below. If we get a bounce, my expectations will be for a weak rally and then a major fall in Q1. Furthermore, ALL my oscillator trendlines were broke within the past 5-6 days. The H&S drop out offered a late confirmation. Basically be careful and keep close tabs. Of course, I may be completely wrong.