Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (26913)	9/8/1998 7:03:00 PM
From: bobby beara	Read Replies (2) of 94695

I think we topped! LG, can you give us a hint why? -g- Here is my version decisionpoint.com MSFT closed @ 102 making the top of a perfect symetrical triangle - Decision point!!! One to watch. the apex of the triangle for symetry -g- is the April High. NDX in a panic fool moon buying frenzy closed up against the trendline of Jan & June lows . NDX closing in on a area of heavy resistance June (neckline) lows & April Highs (left & right shoulder???) After the mini-crash in October NDX made an ABC rally into December 8th to the neckline area of the topping pattern, then proceeded to collapse into a retest of the lows in the December 19th thru Jan 12th period. We have now completed and ABC rally into the neckline area of the NDX and are in bear market overbought readings on the NYSE McOscillator (anything above zero). 8/19 peak on the NDX was the 21st trading day after the NDX print high on 7/21, today was the 34th trading day from the print high. GE retraced back up to it's neckline today also. Sounds like it might be time for the post fool moon blues and some earnings warnings. The NDX is sitting on a nice H&S invert. Failure of H&S patterns usually result in measured moves in the opposite direction, so will be looking to see which way MSFT and the NDX breaks tommorrow. bwdik, bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next