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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: wlheatmoon who wrote (50496)7/1/1999 5:30:00 PM
From: Cynic 2005  Read Replies (1) of 86076
 
My entrails read as follows (fair warning - IDKJS about entrails and I place funnymetals above entrails. But I do look at entrails and the entrails following idiots have given me enough grief in the past so I want to STAY AHEAD of them, rather than stay with them -g-)

1. Previous break-out point of 45 was held with a big-bang volume.
2. Bounced off 50 DMA nicely.
3. Both 50 DMA and 200 DMA are having an upward slope with 50 DMA getting steeper. A good sign.
4. Established 2 higherr highs and 2 lower lows since previous panic sell-off.
5. A new high now will send it off to races.

6. Market tanking not withstanding. -g-
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