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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor2 who wrote (27213)9/10/1998 1:56:00 PM
From: GROUND ZERO™  Read Replies (2) of 94695
 
I2,

Historically, such a close pattern like this occurs after a sharp selloff and signals a forthcoming continuation of the selloff. But, I also see that this pattern occurred in a support area. Therefore, I'm betting that this market will rally from here after this retest of the lows. The lows are higher each time and I expect a rally from here. I'm adding to my positions today.

GZ
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