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Strategies & Market Trends : Waiting for the big Kahuna

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To: Robert Morrison who wrote (18560)5/15/1998 8:10:00 PM
From: ratan lal  Read Replies (1) of 94695
 
RE: 55 Day rule

SP8M set a high of 1142.30 on 4-6-97. It must go higher by 5-21-98 (next thursday ) or there will be a downward direction.

SP8M closed today at 1112.40. Its already down 30 points.

What do you expect next thursday if SP8M does not go above 1142.30 between now and then??

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