Re: [CANSLIM] Worley's Weekend Weeview


From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sun, 19 Jan 2003 19:02:57 -0700

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Hi Tom - As always, thanks for the Weev.

The double bottom you're seeing has bottoms in July and October, =
correct?

When reading about the Head & Shoulder Top a while back, there was a =
warning that folks introduced to the pattern start seeing them =
everywhere.  So here I go:
What do folks think of a H&S possibly forming on the S&P, DOW and =
NASDAQ?  Left shoulder in early November, head early December and right =
shoulder just completed for a neckline about 870 (on the S&P).  On the =
DOW and S&P the head is lower than highs earlier in 2002 so it wouldn't =
be a 'real' H&S top (would it?).  Given the reputation of the H&S Top, =
hopefully this isn't one.

Thanks for any comments!

 Rolf

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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Dwindows-1252">
<META content=3D"MSHTML 5.50.4134.600" name=3DGENERATOR>
<STYLE></STYLE>
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<BODY bgColor=3D#fffcf0>
<DIV><FONT face=3D"Arial Narrow">Hi Tom - As always, thanks for the=20
Weev.</FONT></DIV>
<DIV><FONT face=3D"Arial Narrow"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Arial Narrow">The double bottom you're seeing has =
bottoms in=20
July and October, correct?</FONT></DIV>
<DIV><FONT face=3D"Arial Narrow"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Arial Narrow">When reading about the Head &amp; =
Shoulder Top a=20
while back, there was a warning that folks introduced to the pattern =
start=20
seeing them everywhere.&nbsp; So here I go:</FONT></DIV>
<DIV><FONT face=3D"Arial Narrow">What do folks think of a H&amp;S=20
possibly&nbsp;forming on the S&amp;P, DOW and NASDAQ?&nbsp; Left =
shoulder in=20
early November, head early December and right shoulder just completed =
for a=20
neckline about 870 (on the S&amp;P).&nbsp; On the DOW and S&amp;P the =
head is=20
lower than highs earlier in 2002 so it wouldn't be a 'real'&nbsp;H&amp;S =
top=20
(would it?).&nbsp; Given the reputation of the H&amp;S Top, hopefully =
this isn't=20
one.</FONT></DIV>
<DIV><FONT face=3D"Arial Narrow"></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for any comments!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;Rolf</FONT></DIV></BODY></HTML>

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