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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (22482)7/27/1998 9:37:00 PM
From: bobby beara  Read Replies (2) of 94695
 
A double top or new highs is a possiblity, but we have to get thru 1166 first. Today was a fibonacci low day, a 55 day cluster around the 6/1 and 6/4 lows.

The next fibo day is 8/4 which correspondes to the 6/10 high, if we got that far a double top or new highs would seem likely.

It is very interesting you could draw a line off the 1/12 low and the 6/1 low on the Nasdaq and thats where we bottomed today.

Will our Marke Twain history repeat itself and give us another top in the first week of August. stay tuned to the same bat channel at the same bat time.

bb
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