Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: jeff wheatley who wrote (11188)	12/9/1997 10:27:00 PM
From: William H Huebl	Read Replies (1) of 94695

Jeff, 1665 happens to be the upper Tirone level for NAZ going back to August. That is a strong resistance level and NAZ apparently needs more work to penetrate it. What would make sense is a pullback to the 1580 level by next Monday and an even deeper pullback the rest of the week... that would be the bear trap of the century as far as I am concerned... THEN a strong move up! I don't pay much attention to many figures except the H&S because it is one of the more reliable patterns. The reasoning behind these expectations comes from my review of prior sell-offs and the time they take to pull back out. Regards, Bill

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