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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (30435)10/6/1998 9:30:00 AM
From: bobby beara  Read Replies (4) of 94695
 
LG, the chart pattern is mimicking last falls pattern quite closely.

On December 8th we fell out of the bearish rising wedge from the mini-crash lows, bottomed 12/24 then had a barn burning rally into 1/5 then the final dip into 1/12.

I believe we are in the barn burner rally section and should retest the lows after this rally peaks out in several days.

The "Crash of 99'" I believe should be taken as a powerful contrary indicator, just as the "Married to the Bull".

bwdik,
bb
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