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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (18636)5/18/1998 1:51:00 PM
From: bobby beara  Read Replies (3) of 94695
 
INDU Chart check

iqc.com

On 5/4 we made a throwover of the aligned tops at 9216, today I would expect an equal throwover bottom bear trap which would breach the rising bottoms trendline and put todays closing price around 9024.

Tremendous amount of bearishness in the media. I'm always a day early -g- Today is like November 12th.

I would suggest anyone short should cover at the end of the day and go long. This rally should be explosive, with this kind of heavy sentiment.

bwdik,
bobby b
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