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 (11927)	12/20/1997 6:13:00 AM
From: GROUND ZERO™	Read Replies (2) of 94695

Hi Bill, Thanks. Sometimes I think I tend to bully my way into a conversation, but if that's okay here, cool. 1) The coil pattern in the NAZ has completed a measured move, or just about. 2) We came to good calculated support and closed higher on the day after a horrific and climactic selloff. This may have been the 6-8 week trading cycle low. 3) There are reversals everywhere abound. 4) The DOW found precalculated intraday and closing price supports. 5) The DOW chart is forming an inverted head and shoulder pattern, the right inverted shoulder now in place. If we rally to the neckline, there is a measured move to about 8600. 6) I calculated 8600 to be the next area of resistance in the coming rally in a recent post on this thread using another technical instrument not related to this possible head and shoulder formation. Of course I can be very wrong, but these are the immediate reasons I would not be shorting this market at this point. BWDIK Have a great weekend and don't eat too much, I already did. (-.....-) GZ

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