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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Thomas M. who wrote (9465)10/26/1998 3:11:00 PM
From: Cynic 2005  Read Replies (2) of 86076
 
Tom, The lower trend line got recently adjusted lower. The earlier lower-trend line got breached decisively in Aug-Oct sell-off. If you still draw that line, it might act as a resistance to this run-up. Mostly TA is goofy you can make any case you want. The important point to remember is, if you believe in the big one, there is a definite possibility (100% guaranteed IFF BK were to arrive) - "almost all the traditional TA believers will get crushed."
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