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Strategies & Market Trends : Waiting for the big Kahuna
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To: bobby beara who wrote (18267)5/9/1998 6:43:00 PM
From: bobby beara  Read Replies (2) of 94695
 
I worked on that chart Thursday night, here is Fridays chart, so far so good. 1st leg in.

decisionpoint.com

In Oscillator speak, the second bottom (or the right head on the inverted (h&s) after a washout bottom or low is called the buy spike, because that usually is a beginning of a measured move and not just a dead cat bounce.

If 4/27 was a warning shot, I'm thinking that a -271 warning shot is a big canon, setting us up for a much larger washout low.

bwdik,
bb
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