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Strategies & Market Trends : Waiting for the big Kahuna
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To: Tommaso who wrote (11521)12/14/1997 12:40:00 AM
From: bobby beara  Read Replies (2) of 94695
 
Hi Tommaso, GZ would better answer this, but I'll give it a wack.

A bear coil is a fairly steep decline then a back and forth pattern the narrows like a coil. What this narrowing back and forth pattern shows is investor indecision on whether the stock should break to the upside or downside and the coil narrows to the point it either breaks one way or the other, usually dramatically. Since the coil was precided by a precipitous correction it is called a bear coil. MSFT had a dramatic bear coil off it's July 150 peak that tipped in the first week of August.

Actually you could look at MSFT as a 6 month bear coil, with a head fake - exhaustion gap at the end. I don't think Billy will rule the world (he was looking a little ragged in the picture they took off him in Beijing in todays paper) - a 6 month coil will have a mighty nasty spring to it. Technologies do pass into oblivion - anyone use beta anymore -g-

Click this link and tell the crystal ball what you think -gggg-
home.sprynet.com
Then scroll down and you can see the INDU and Nasdaq Chart (as of 12/5). The Nasdaq is a perfect example of a bear coil that has broken dramatically to the downside.

(sorry noticed someone already anwered the question)
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