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Steve
I can't take credit for that. Don't do much charts until recently when some
of the posts in the group caught my attention.
Am working with my S&P weekly for locating support points, etc. in
Metastock.
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Steve Karnish
> Sent: Wednesday, September 02, 1998 5:30 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Head and shoulders on SP500...
>
>
> Yngvi,
> I'm almost sure Guy pointed the possibility of a head and
> shoulder formation. How about it Guy? If not, I'm sure I read
> a post alluding to one in the last five days. As Edwards and
> Magee say in Technical Analysis of Stocks Trends (as I've
> suggested before: The Old Testament): "...by all odds, the most
> reliable of major reversal patterns".
>
> Steve Karnish
> CCT
>
> ----------
> > From: Yngvi Hardarson <hardy@xxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Head and shoulders on SP500...
> > Date: Wednesday, September 02, 1998 1:32 PM
> >
> > I have not seen anybody on the list referring to a head and
> shoulders
> > pattern having appeared on the S&P 500 index.
> >
> > Neckline drawn from the low of April 27 to the low of August
> 11 and
> > penetration on August 28.
> >
> > Potential objectives: Whole multiples of distance between
> 1190.58 July 20
> > High from neckline same day at 1059.21 subtracted from
> penetration price of
> > August 11 at 1050.89 or: 920, 788, 657...
> >
> > Comments anybody?
> >
> > Yngvi
>
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