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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (51246)4/20/2001 8:35:52 AM
From: William H Huebl  Read Replies (1) of 94695
 
Warning, I have detected a potentially significant breakdown in +DI on CALVIN... which may tell us of a market reversal coming shortly!

Up until yesterday, the +DI was making higher lows which indicates more and more enthusiasm in buying... but -DI did not register lower lows over the several week timeframe expamined. That means the sellers do not believe this move up is real.

So all we may have here is a short pop with some residual buy-the-dippers trying for one last time!

Remember, you heard it here FIRST!!!
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