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 (17137)	4/23/1998 11:07:00 PM
From: robert b furman	Read Replies (1) of 94695

Bill - No test. Just shows value of multiple perspectives on the same chart.My breakout refers to going above 1936 on 4/20. Using draw trendline I go back to a scary precipitous drop on 10/24. This is a big (double ) head and shoulders bottom. As I look At it : left shoulder = 10/24 thru 12/10/97 @ 1930 to 1650 double head bottom = 12/10 thru 01/27 @1650 to 1515(1st head) and 1485 (2nd head) Right shoulder = 01/28 thru 04/17 - with a classic almost to be expected weak right shoulder which developed on 03/02 I see the breakout occurring on 04/17 - some 6 months and 21 days later - Hay what can a say my background is car sales - It sounded better saying 7 months :-) More importantly it really wasn't a test - That is how I see it - Do you see it differently or is there just a symantics problem. Please understand my training is from the home school of misinterpretation .Not formal at all. My one role type was a man named Ted Warren / High school dropout who retired after buying low priced stocks in accumulation phase and patiently waited for 400 - 600 % rises or, even better sideways consolidation for even more ! This dialogue is most challenging as I greatly value finding people who study these issues more than I do. I humbly request your critique / evaluation Thanx Bob

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