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Strategies & Market Trends : Waiting for the big Kahuna
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To: James F. Hopkins who wrote (22268)7/24/1998 9:07:00 PM
From: bobby beara  Read Replies (2) of 94695
 
Weekly reversals for the wantabe timer -g-

If you look at a candelstick chart weekly on the Nasdaq, weekly reversals like the one we just had were followed by short term bear markets of 4/97 and 6/98.

and were followed by short term bottoms of 10/27, 12/19/97, 1/12/98, by one to two weeks.

Verdict, the highs next week should be a good selling opp.

bwantabeIK,
bb
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