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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (57890)8/23/1999 2:22:00 PM
From: Cynic 2005  Read Replies (1) of 86076
 
They only need this ONE reason to "feel safe to buy" -g-

<<Market will likely commence falling this week
The broad U.S. equities market, as measured by the Dow Jones Industrials and NASDAQ Composite, flashed a bearish signal late last week and will likely experience weakness over the next several days.

Our basis for this assertion is the daily bar chart for both the Dow and the NASDAQ. For the week ended Aug. 20, the Dow closed at exactly the 11100 level-and extremely important resistance level. In doing so the Dow formed a chart pattern known as a "tweezers top," where prices are halted at least twice or more by a chart resistance level that acts as a veritable brick wall and prevents prices from penetrating higher. >>

gold-eagle.com
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