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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (11696)12/16/1997 9:21:00 AM
From: bobby beara  Read Replies (1) of 94695
 
Hi GZ, talk about mother of all coils, I think the Naz and the S&P are in a coiling action as money runs to and fro. IMHO, the end of day weakness in the Dow tells a story, and Compaq breaking thru it's neckline. I think the S&P makes a 968 peak this morning before reversal to put in right shoulder and the Daq has a rally that fails at the end of the day, maybe with CPQ retracing back up to it's neckline. I think Thursday will be a make or break day.

Merry Christmas to you and your family,

Bob
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