Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: AlanH who wrote (28529)	9/22/1998 7:47:00 PM
From: AlanH	Read Replies (2) of 94695

Bill, re:INDU candles Your hammer formation was verified by litwick.com. Unfortunately, today's candle confirmation was low. (Another one of those funny no-name candles has formed.) Although instinct tells me the market should go up short-term, my unorthodox candle voodoo suggests that tomorrow will begin another strong downtrend. You may recall that I tried to pawn your hammer off as a high-wave line. I'm going to attempt the same nonsense by calling today's formation a high-wave line; if the body's too big, just label it "indecision." So, I'm stickin' to my prognostication [scrabble word] from yesterday regarding tomorrow. <g> Good luck, Alan

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