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Strategies & Market Trends : Waiting for the big Kahuna

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To: Philipp who wrote (25671)8/30/1998 8:01:00 AM
From: P.Prazeres  Read Replies (1) of 94695
 
Philipp,

The fact that the market didn't "snap back" after a powerful selloff on Thursday indicates that there is alot more trouble to come....and it may be a domino effect type of selloff (but hopefully not). The Dow is sitting in no man's land. Next support, (if one dares to call it support) is the January 12, 98 low of 7443.41, then I would guess 6970 (the low on Oct 27, 97).

Alot of the big brother stocks have broken down, (KO is one example).

Below are some links to some of the messages from me earlier this month:
exchange2000.com (I was off by a few weeks)

and from Aug 5th: (excuse the explitive)
exchange2000.com

and from July 28th:
exchange2000.com

Paulo
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