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 (11699)	12/16/1997 7:16:00 AM
From: GROUND ZERO™	Read Replies (1) of 94695

Hi Bill, Upon closer analysis, here's what I find. 1) Using the September low pivot, and the October high and low pivots, I find the DOW exceeded the central median line of Andrew's pitchfork and then returned to it in recent days. This should be major support. 2) This coincides with a 6-8 week trading cycle low due at about this time. This is construed as bullish. 3) I see only minor resistance at about 8150. If we ever rally to there, I believe we will take that out and move higher. The above having been said, if we fail this rally, all bets are off and I'll be looking for a good place to short the SP's. GZ

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