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Strategies & Market Trends : Waiting for the big Kahuna
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To: Lee Lichterman III who wrote (42247)7/22/1999 8:45:00 AM
From: Chip McVickar  Read Replies (1) of 94695
 
Lee,

There is an out side week in place as of tuesday in most of the major indexes. If it closes below last weeks lows it will be a clear Reversal Week. If the SPX closes below 1360....it will be a 2 week reversal. I believe that would be very powerful.

With that said...Greenspan could send the market Higher on neutral or positive statements and rearrange this weekly set-up.

Chip
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