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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (47972)6/29/2000 1:36:00 PM
From: Death Sphincter  Read Replies (1) of 94695
 
well I am really glad you held out. Looking back a few weeks when we compared the possible counts, there were really only 2 good looking scenarios and both pointed to AT LEAST 58ish....and when the last ziggy up would happen it had a good chance of the old quicky spike above that trendline. I didn't have time on my side with the options expiry to wait for the spike(obviously no complaints).
But that double gap down was the key...it had to hold 52-53 area to set up a spike...and it did, good for you.
I'm watching Intc right now...it has an interesting look

Carl
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