Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (40474)	6/8/1999 6:07:00 AM
From: Moominoid	Read Replies (1) of 94695

SPX is now up above 34 day MA. It didn't rebound that much in Aug 98. However it did in Fall 87..... I'm still very bullish. The McClellan oscillator is positive again. GZ is bullish <g>. The bottom on SPX is an inverted HS on closing price basis. A similar formation preceded the last few strong upmoves. The All Ordinaries also seems to have reversed out of its nosedive. Given that June is normally a down month here as it is the last month of the tax year that is very bullish too. David

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