Re: [CANSLIM] M tomorrow

From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] M tomorrow
Date: Tue, 2 Jul 2002 21:12:34 -0600

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Hi Ernie - I'm trying to jibe this post with last
week's 'market geometry -
head& shoulders' post in which you mentioned that
the pattern looks
bearish 'for some time to come'.  Two questions:

1. Is the potential rally mentioned below one of
those several-weeks-long
    rallies seen on the right side of the head &
shoulders pattern?
2. How far does the head & shoulders go, i.e.,
where does the symmetry
    end?  This is likely not answerable, but I'm
curious anyway.

Thanks for your posts.

 Rolf

> If the market continues to go south tomorrow the
downside risk is to 933 on
> the S&P. If the low turn was not made today it
will very likely be made
> tomorrow. We should then get at the very least a
tradable rally, and there
> is strong potential for an explosive move to the
upside.
>
> E
>
>
>
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