Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Kip518 who wrote (28822)	9/24/1998 8:38:00 PM
From: HairBall	Read Replies (2) of 94695

Kip: How are you doing? Dow 2000 in December (DECEMBER, 1998!! for god's sake) What are you doing messing with my sleep tonight! <g> My technicals have been steady, indicating...BEAR RALLY...for the Dow Industrials, Transport, NYSE Composite, S&P 500 Composite, NASDAQ Composite and Russell 2000! With today's downturn factored in, the technicals support this scenario even more! Dow Utilities is the only indices fighting the trend. My "D" cycle signal never gave a confirming long-term sell. One more solid down day and "A" should give a sell alert for the Utilities, with both "B & C" to follow shortly! However I must say the moving trading channels on most of the indices have rotated up. A few moderate down days or a couple strong down days are needed to turn these channels down. Regards, LG

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