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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (18252)5/9/1998 9:22:00 AM
From: bobby beara  Read Replies (3) of 94695
 
Hi Don,

astroecon.com

We have the makings of a dup of the aug-jan period and ascending triangle with tops in the 1130's area. This negates and head and shoulders theory with aligned tops.

This market will not peak with a flat top, but with a pointed top.

My measured move for the resolution of the triangle is 1167 to 1200 area. Yes the market will peak on declining internals, momentum, a/d, highs/lows, but thats the stuff pointed reversals are made of.

Your comments?

bobby b
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