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Strategies & Market Trends : Waiting for the big Kahuna

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To: yu who wrote (47776)6/6/2000 9:27:00 PM
From: bobby beara  Read Replies (1) of 94695
 
>>>>all my studies agree with sandeep, GZ, bb and many others that this seems like a correction in a new bull market<<<<<

yu, forget it, this might just be part of the same ole bare market -gg-

on the 15 minute charts, i think five wave up was completed at yesterdays high on most of the tech charts, and we rallied right into resistance areas, the head on the ndx, 800 on the oex and the picture on the dot looks like an ABC bear flag into the topping pattern and the 200 dma.

207.61.23.98

when you have a breakout like friday, i think you need better follow thru, we had this kind of follow thru on the october breakout and the breakout on the spx from the early march bottom, then yu have the $ factor gumming up the works.

b
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