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Strategies & Market Trends : Waiting for the big Kahuna

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To: ViperChick Secret Agent 006.9 who wrote (18347)5/14/1998 8:35:00 PM
From: bobby beara  Read Replies (2) of 94695
 
lisa, the bullish new era case.

iqc.com

The internets have taken over the Nasdaq lead from SOFT-tel since the TEL sell-off in March.

Yahoo has broken out on strong volume out of a symetrical triangle (notice the following weakness was on light volume) - BULLISH!

This is leading the way for the Nasdaq which is near the center point of it's triangle

Earnings don't matter to internets (nor do they to this market anymore considering HP's warning should have been devasting, but only put a little nick in the techs)

We are very oversold on many indicators and there is heavy bearish sentiment at the pinnacle of the triangles on Daq & SPX - verdict bullish! (Gates will make concessions - he know no ship 98 - no make numbers - no pay stock option paid employees - employees jumps ship and find job anywhere else in techville)

The Dow is in an ascending triangle with tops running along 9200 and higher lows - verdict Dow 10,000 - Wave 5 blow-off.

bwdik,
bb
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