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<DIV>Reply to Kim who wrote:<BR><BR> Date: October 16, 1999
2:27 AM<BR> Subject: MK-INDU
H&S??<BR><BR><BR> Wish I had looked at this before today
but first 2 weeks in July left<BR> shoulder, last week in Aug
head, early 2nd week of Sept RS. Measuring<BR> value shows
INDU to apx. 9800. Volume pattern on the H&S not perfect
but<BR> not awful, pullback never quite got back to the
neckline (yet). Haven't<BR> included a chart as I don't
have charting software and am not sure<BR> about propriety of
including a chart from the net here. Anyone else look<BR> at
this formation?<BR><BR><BR>I see something akin to triple top because the
right shoulder is higher<BR>than the head, It sense equivalent in effect
to a head and shoulders<BR>formation..<BR><BR>The neckline starts at 13/04/99
intraday low of 10317<BR><BR>It is confirmed by the intraday lows on 20/04/99,
01/06/99, 11/06/99,<BR>24/06/99 (almost), 10/08/99 and 16/09/99.<BR><BR>It is
violated on 21/09/99 with a pullback on 08/10/99. The following day<BR>the
DJIA broke up through the NL intraday but closed below and has
fallen<BR>steadily.<BR><BR>Measuring from the intraday high on 24/08/99 to the
NL is a distance of 786<BR>points. Subtracting that from the NL on
21/09/99 and 22/10/99 implies a<BR>fall in the DJIA to 9842 and 9884,
respectively.<BR><BR>I note that 9850 is a 38.2% retracement of the 3967 point
move (including<BR>intraday extremes) from 01/09/98 to 24/08/99. A 50%
retracement would be to<BR>the region of 9382.<BR><BR>I don't have DJIA volume
and NYSE volume doesn't appear to confirm (at least<BR>on visual
inspection).<BR><BR>Regards,<BR><BR>Tony<BR><BR><BR><BR></DIV></BODY></HTML>
</x-html>From ???@??? Sat Oct 16 08:10:35 1999
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Date: Sat, 16 Oct 1999 22:46:00 +0900
From: James Ang <JAMES@xxxxxxxxxxxxxxxxx>
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Hi,
I'm considering to buy the book of linda roschke (smart street) because
I'm planning to day trade equities , the review in amzon com. is very
encouraging, any comments?Or is there good (books) source on how to day
trade stocks.Thank you.
Boyaks
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