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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (13476)1/25/1998 1:19:00 PM
From: geewiz  Read Replies (1) of 94695
 
Hi GZ,

This has been several fascinating weeks' roller-coster ride!! I never had appreciation for the use of TA that your contribution has provided over this period. When the markets had the outside reversal they were signalling an uncertainty; just how the uncertainty would unfold is still not clear, but it is more likely now that it will have to do with events in SEA and the inability of the United States to muster leadership in this crisis. Fast-track trade failed in the legislative branch several weeks ago due to disapproval of the executive; additional funding for the IMF looks all the more uncertain at this juncture. This will jepordize the tenuous balance that remains in international finance. Such are the possible makings of a major market change that were technically evident two weeks ago with your eagle-eyed and reasoned postings!

I'm still not ready to join the TA congregation, but I have a new appreciation for what's meant when people claim "its' all in the charts"!

Being a Wisconsin Native I gotta' go watch the game root for the Pack!

best, art
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