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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (30505)10/6/1998 9:46:00 PM
From: bobby beara  Read Replies (1) of 94695
 
You could be right, LG.

I get a top on a wave count on the DJU also.

On the spx, we failed the downtrendline from the peak today (leaving out the false breakout on 9/23).

We have monthly trend breaks on the nyse and nasdaq. In this bull market people have become too accustomed to interpreting bearishness as a bottoming behavior. This time might be different.

bb

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