Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (15548)	4/5/1998 8:08:00 PM
From: donald sew	Read Replies (1) of 94695

David, I do not use the wave theories but work on a technical system which focuses mainly on the very short-term. My analysis mainly works on time and not price projections. I am getting different dates. I am seeing the interim top to arrive TUE/WED, with the latest the reversal to start on Friday. What was interesting was when I reverted to the 30 minute chart, I saw a very clear double top formation last Friday, along with other techncal indicators, hinting that we could see a reversal start as early as Monday. The first strong support I see is 8750 on the DOW. Per my system it is hinting that this immediate reversal will not be that strong, and that we will continue up further with the top arriving in MAY, and for the larger reversal to start then. Actually I hope you are correct with a strong pullback now. Seeya

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