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Strategies & Market Trends : Waiting for the big Kahuna
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To: Barbara Barry who wrote (21225)7/2/1998 11:21:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
BB,

(Note to SuperDOW: fastquote has ending values as does CBOE.)

My thoughts:

- as others have said, you could make a pretty good case for an inverted H&S that could carry Mr DOW to 9,700;

- the number of the LESSER of new highs and new lows has grown to the triple digits and THAT has ALWAYS been deadly to Mr Bull;

- reasonable downside to the 8,700 level;

- UNREASONABLE, but still within trend, downside to the low 8,000;

- MY MACD shows we are at the first week of Feb of this year... so much for a hedged forecast.

And Mr Z is edging closer to a setup, but still a week or more away.

Confused? Me too! <LOL>

Bill
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