RE: [CANSLIM] Head & shoulders

From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
Subject: RE: [CANSLIM] Head & shoulders
Date: Thu, 2 May 2002 17:08:14 -0500

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Hey Tom,

I see what you are looking at now. Typically this pattern is used to try and
identify tops or bottoms as you well know, but I don't know if they have any
predictive value if they occur in a trading range like the one that precedes
the formation of this one.

E

 -----Original Message-----
From: 	Tom Worley [mailto:stkguru@bellsouth.net] 
Sent:	Thursday, May 02, 2002 8:45 AM
To:	canslim@lists.xmission.com
Subject:	Re: [CANSLIM] Head & shoulders

Hi Ernie,

I was using daily charts at DGO. On S&P500, saw the left shoulder as
essentially the month of Feb, and the head as from about 3/8 to 3/20.


Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, April 30, 2002 2:43 PM
Subject: RE: [CANSLIM] Head & shoulders


Tom assuming we are looking at the same time period and scale I would say
yes possibly to the DOW with the left shoulder formed the week of 1-11-02
and the head formed the week of 3-22-02 with the right shoulder yet to form.

As for the S&P I don't see it because the left shoulder made the week of
1-11-02 would be higher than the head formed the week of 3-22-02.

I am looking at weekly charts for both. If this is not what you are seeing
please tell me where you see the left shoulder and head.

E

- -----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Tuesday, April 30, 2002 6:56 AM
To: CANSLIM
Subject: [CANSLIM] Head & shoulders

anyone else besides me seeing a head & shoulders pattern on both NYSE
Composite, and S&P500? maybe an earlier stage h&s on the DOW 30 as well?

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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