Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] Head & Shoulders on the indexes?
Date: Mon, 24 Dec 2001 16:27:08 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_002C_01C18C97.D564FC00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Several of the internet charting services I get have in the past week = been discussing the H&S patterns they see on the major indexes. Since so = much of chart reading is "in the eye of the beholder", I was surprised = that no one in the group was mentioning this. So this morning, I took = the time to look at all the major indexes at DGO, and I fail to see this = pattern showing. Possibly the scales being used by these services is = making the pattern appear, certainly it is clear on the charts they = present. But I don't see it at DGO. When I use DGO beta, however, and = kinda squint my eyes, I can see it on the NYSE Composite, Naz, and S&P = 500, but it's still not that clear. I do not see it at all on the DOW = 30, and the Russell 2000. Since there is a wide variety of charting services being used by = members, is anyone else seeing this pattern developing? What charting = service are you using? I confess to not being expert at reading / seeing / understanding a h&s = pattern, so welcome any commentary. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_002C_01C18C97.D564FC00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content=3D"text/html; charset=3Diso-8859-1" = http-equiv=3DContent-Type> <META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT size=3D2>Several of the internet charting services I get have = in the=20 past week been discussing the H&S patterns they see on the major = indexes.=20 Since so much of chart reading is "in the eye of the beholder", I was = surprised=20 that no one in the group was mentioning this. So this morning, I = took the=20 time to look at all the major indexes at DGO, and I fail to see this = pattern=20 showing. Possibly the scales being used by these services is making the = pattern=20 appear, certainly it is clear on the charts they present. But I don't = see it at=20 DGO. When I use DGO beta, however, and kinda squint my eyes, I can see = it on the=20 NYSE Composite, Naz, and S&P 500, but it's still not that clear. I = do not=20 see it at all on the DOW 30, and the Russell 2000.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Since there is a wide variety of charting services = being used=20 by members, is anyone else seeing this pattern developing? What charting = service=20 are you using?</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>I confess to not being expert at reading / seeing /=20 understanding a h&s pattern, so welcome any commentary.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley<BR></FONT></DIV></BODY></HTML> - ------=_NextPart_000_002C_01C18C97.D564FC00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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