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It does look as if we might be forming a head and shoulders pattern
although I have not checked to see what the volume has looked like to
see if that confirms the idea. It looks to me though that the neckline
will intersect someplace a bit above 2400 and project down about 430
points, so the projection will be to just below 2000. Either way, the
early August lows should be breached.
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
url: http://www.poserglobal.com
email: swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
----- Original Message -----
From: Ira Tunik <ist@xxxxxx>
To: realtraders <realtraders@xxxxxxxxxxxx>
Sent: Friday, August 20, 1999 12:52 AM
Subject: (no subject)
> For those who like patterns, could this be a right shoulder forming
with
> a projection down to about 1900 on the NASDAQ. If the trend line from
> the Feb. low is broken the projection isn't so far fetched. Have a
> good week end. Ira.
>
>
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