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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (21802)7/18/1998 10:33:00 AM
From: bobby beara  Read Replies (1) of 94695
 
>>Well if there is a sell-off, maybe it started at the close???<<<

Bill a spx trendline from Spring 96 High, thru Aug.6th high, hits 4/3 where we did a little bounce off and pierced it going into 4/22.

Friday we retouched the trendline Friday and made the trading range gap adding the high low of the april june trading range to the high.

If we follow the same pattern, we should have a small correction here of 20-25 spx points and then try to take out 1200.

bwdik,
bb
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