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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (21247)7/3/1998 8:02:00 AM
From: bobby beara  Read Replies (1) of 94695
 
Hi Jimmy, I went to my therapist and told him about my bullishness and he said "Let's Talk" -gggggggggggg-

If you draw a trendline from Jan 12th thru April 26th low (SPX) that shows up around the 1180 area coinkeedinkly along with the inverted h&s projection. Thats a make or break failure line.

If you draw a trendline from the 10/28 low thru the 1/12 low you come out around the 1030 area coinkeedinkly the projection of the SPX h&s pattern

I discussed with my therapist the Charles H. Beara Theory of heads, tails and bodies.

The head (SPX) and the tail (NDX) are wagging and panting on this stray dog but the body (NYSE) is at to focal point of coming to the dog catcher or running away (sitting smack dab on it's old high and on a heavy resistence line AND on the neckline of an inverted H&S.

Tuesday is Fibonacci 55 day from the May 13th middle of the H&S pattern on the Dow & SPX and Dow closing high. Make or break day.

If SPX hits my target of 1180 on Monday, I will be 100% short on Tuesday, next stop 1030 IF we have a big volume sell day Tuesday or Wednesday.

beeewaaaaaaduuuuuInoooooooooooooooo
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