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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (1176)6/19/1997 3:18:00 PM
From: Mike Fredericks   of 94695
 
<<Even as we speak/write, it looks like GE is trying to put in a double top... at least on the 5 min chart... but WHO KNOWS... wait for the beep... if it ever comes.>>

I don't see what you're seeing - I'm using a 1 min chart (Lombard). It had trouble getting through 67 @ 10am, and then again at 11:45-1:45 but now it seems to have broken through the resistance up to 67 1/4 x 67 3/8.

Of course, that's what I would say if I saw a daily chart like that, but what do I know about reading intraday charts...

-Mike
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