Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (27219)	9/10/1998 2:15:00 PM
From: robert b furman	Read Replies (1) of 94695

To: GZ and LG - I See your bear flags or bear pennants in indu compz oex and inx. If you look to the charts of INTC and IBM they are very similar with a slightly greater upward bias.(dfinately higher highs and a better slope if your connect the bottom "dips". Do you think this could be rotational leadership emerging.It occurred that way in July of 96 as I recall. At any rate the breakout from this congestion pattern will be exciting. So here is the real timing issue : Buy on a dip,short at the top or wait for trend confirmation. I have gut feeling the increasing tops of INTC and IBM are subtle hints of a breakout to the up side. BWDIK Bob

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