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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who started this subject4/14/2003 11:17:14 AM
From: Temple Williams  Read Replies (1) of 94695
 
My Primary Series should take a stab at the 890.00 level and then reverse into a break of the 870.00 level, where it reverses again for a break of 910.00 Spoos (the week after Easter). That should complete the 4th leg (the "D") of a 5-legged A-B-C-D-E horizontal triangle. However, it is possible that the "D" has already completed, in which case we are going to continue heading lower with some power. The fact that the trend remained bearish at Friday's close suggests this possibility. So, if the index does not start higher on Monday, I will quickly restructure the charts for a waterfall (which I do NOT expect to start until a week from Monday). You can see the possibility in the 18-min chart. sellnow.net

sellnow.net
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