Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (10850)	12/4/1997 6:12:00 PM
From: GROUND ZERO™	Read Replies (4) of 94695

Hi Bill and everyone, We may have reached a top of some proportions today in the DOW. If we did, that will be terrible news for the NAZ, since it appears to be generally weaker. That earlier mentioned coil formation is a bearish formation and projects a measured move downward in the NAZ to about 1500, the minicrash lows. My guess is that it will hold at that lower level but inject new fear into the hearts of everyone, but it's just a guess at this point, if we get there at all. If this is a topping day today, the DOW should find support at around 7500. BWDIK Everyone have a great weekend. GZ

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