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Re: FinancialAdvisor post# 3862

Thursday, 12/02/2004 5:44:47 PM

Thursday, December 02, 2004 5:44:47 PM

Post# of 6503
H&S top...have you been to your optometrist recently? your prescription needs adjusting

here's a simple view of the chart formation you purport to see:
http://www.incrediblecharts.com/technical/head_and_shoulders.htm

The Naz composite bottomed early in the 4th qtr of '02 and has been acting in a moderately constructive manner since. It would be more accurate to state that the index in in the process of completing a cup and handle over the course of this trading year that will lead to a breakout.

I am not in the predicting business but find your perspective particularly out of focus and worthy of response

i am not into P&F charting but maybe you could make the case that it's going to fail in it's attempt to breach the spread quadruple top going back to '01 that it is approaching?!





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