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Strategies & Market Trends : Waiting for the big Kahuna

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To: Monty Lenard who wrote (23991)8/11/1998 10:08:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
HI Monty; Thanx a lot for the scan! it's not as bad as I expected !
It's not good, but note the 4th and 5th where the lows were,
None of them today set new, or ( lower lows ) than the 4th -5th,
They might tomorrow, but if they don't this could be the double
bottom. It sort of makes the 4th-5th lows now an important,
support level, only the T50 of the 600 hit that low, but none
of them broke it.
I think a lot will be hanging on what Tomorrow brings , and if
today can or will be reguarded a higher low or not.
Man this is a kickass "depth recorder" <G>
Jim

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