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Strategies & Market Trends : Why the markets will continue higher...

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To: Joan Osland Graffius who wrote (514)1/16/1998 6:06:00 AM
From: GROUND ZERO™  Read Replies (2) of 745
 
Good Morning Joan,

If you've bisected the Jan. high and low, then you can only draw a mid line through the bisect point from the Dec. low. That line is rising and will show you where the market will top, if it gets there. It is a rising line and the moment the intraday's high touches that line, you will see rapid selling. That is the ideal place and time for a short position, if it gets there. If it gets there and hangs around there for a few days, it will go higher. Otherwise, I will sell and stay short.

BTW, this is why, in my posts, I mention 7950 as he possible top, because that's about where that line runs. Do you see it? (-...-)

GZ
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