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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (18393)5/12/1998 10:20:00 PM
From: donald sew  Read Replies (1) of 94695
 
Bobby,

There are Triangles all over the place. I believe in the theory that triangles are formed as a process in awaiting news like earnings,interest rate matters, etc. I believe the news item most of the triangles are waiting for is the FOMC meeting, with the prelude possibly being tomorrow with the PPI. If the news is good it will surge up, if the news is bad it will surge down.

Seeya
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