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In backtesting bearish H&S patterns.....when they failed, they failed
"big-time".....and yes, when they succeeded, the rewards were great....if
you were short.
The suspense of this market is killing me.....
time to place your bets on the table gentlemen.
> -----Original Message-----
> From: Brian/Louise Garnant [mailto:babakid@xxxxxxxxxxx]
> Sent: Thursday, May 25, 2000 10:48 PM
> To: Omega-List (E-mail)
> Subject: Re: ANOTHER QUESTION
>
>
> Timeframe - ????
>
> Possibilities:
>
> 1. I could be incorrect (wrong)
>
> 2. The timeframes on the Nazdaq have been very accelerated,
> beginning in Oct
> '98. If this head and shoulders does not fail, the timeframe will also be
> accelerated. Actual Fib retracement next that I see is 2840, and when/if
> that should be broken there is support at 1521 and 1383, both of which are
> 100% retracements. I am not being DOOM AND GLOOM, just what I see. I have
> been wrong enough times in my life to fill the Grand Canyon at least once,
> but also right enough times to fill it twice (at least! ha!!!) :)))
>
> 3. Scenario is partially correct, but the magnitude is off.
>
> 4. Head and shoulders is there but pattern will fail and will Nazdaq will
> soon rise above 3730 level and Mr. Brian will have egg on face!!!
>
> At any rate, I would not be looking to go long unless I really loved the
> company and wanted to be withy it for the long haul.
>
> Going short can be fun!!!
>
> Surf's up, I'll ride the wave tomorrow, especially if it, Naz
> futures, open
> up and then turn south around 10:15 EST.
>
> Beach Bum Brian
>
> The Lord will love me if I'm right or wrong. Nice to have a friend in high
> places!!!
>
>
>
>
>
>
>
> > Care to put a time-frame on that ?
> > You talking within 3 weeks, 3 months, 3 years ?
> >
> > Man, if it hits that, there'll be tons of people splattered on
> the street.
> >
> > > -----Original Message-----
> > > From: Brian/Louise Garnant [mailto:babakid@xxxxxxxxxxx]
> > > Sent: Wednesday, May 24, 2000 9:05 PM
> > > To: prosys@xxxxxxxxxxxxxxxx
> > > Subject: Re: ANOTHER QUESTION
> > >
> > >
> > > Actually, the support at 2800 is a Fibonacci retracement
> level. I think
> it
> > > may go down to 1350 level
> > > ----- Original Message -----
> > > From: M. Simms <prosys@xxxxxxxxxxxxxxxx>
> > > To: Brian/Louise Garnant <babakid@xxxxxxxxxxx>
> > > Sent: Wednesday, May 24, 2000 9:52 AM
> > > Subject: RE: ANOTHER QUESTION
> > >
> > >
> > > > One pattern you missed: classic pennant formation - lower highs,
> higher
> > > lows
> > > > formed over the past 3 weeks.
> > > > Everything was coming to a "head".
> > > > This always portends a major break-out....and it looks as though we
> "got
> > > > it".
> > > >
> > > > COMP 2800 sounds reasonable.....but actually there is no history of
> > > support
> > > > till 2500.
> > > >
> > > > > -----Original Message-----
> > > > > From: Brian/Louise Garnant [mailto:babakid@xxxxxxxxxxx]
> > > > > Sent: Tuesday, May 23, 2000 8:47 PM
> > > > > To: [ tradergirl ]; omega-list@xxxxxxxxxx
> > > > > Subject: ANOTHER QUESTION
> > > > >
> > > > >
> > > > > That sure looks like a head and shoulders that formed and
> > > went below the
> > > > > neckline today on the Nazdaq, or is my imagination doing
> > > > > doubletime? Or has
> > > > > this been posted and I am a little short on the uptake?
> > > > >
> > > > > If it is a head and shoulders it is not a very good sign at this
> > > juncture.
> > > > > The double top at the top spanning the second week through the
> fourth
> > > week
> > > > > of March was bad enough, but here and now? My next Fib
> > > > > retracements go to a
> > > > > 2800 even on the futures. Very good support here. Head
> and shoulders
> > > would
> > > > > forbode much worse. Classic would be a further sell off, then a
> > > > > rise back up
> > > > > to the trendline, then, oh my, the shorts would be very
> happy again.
> > > > >
> > > > > Hope I am seeing things!!! If not, I'll ride that down!
> > > > >
> > > > > Would like a reality check from someone.
> > > > >
> > > > > Thanks.
> > > > >
> > > > > BrianG
> > > > >
> > > > >
> > > > >
> > > >
> > > >
> > >
> >
> >
>
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