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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (12868)	1/15/1999 9:11:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 44573

There isn't a right shoulder yet on the daily chart. Go to a 60 minute chart though and there is a H&S on each index. The DOW's projects about a 350 point drop. To project the drop, measure from the top of the head to the neckline (base where the shoulders meet the head) then project the same distance down. H&S don't always pan out though and if they do, they don't project the maximum of the move, only the minimum move. Lee