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Strategies & Market Trends : Why the markets will continue higher...
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To: bearshark who wrote (287)1/2/1998 11:23:00 AM
From: GROUND ZERO™  Read Replies (1) of 745
 
Hi bearshark,

I also believe the DOW came to a very near term rally objective.

1) If we sell off from here and then continue up, we will likely see new highs.

2) If we don't sell off, but just trade around here for a day or two, the we'll see new highs sooner.

3) If we sell off and test the most recent lows, the test will probably fail and prices will decline.

I don't think the latter will be the case. BWDIK

GZ
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