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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (32974)11/3/1998 4:27:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
BB,

Interesting day... did you get in?

Do you see that H&S on the minute charts for DOW? Could result in a 50+ point sell-off at the opening tomorrow.

On the minute chart, you can almost see the MMs buying their shorts back at 3, 3:15, 3:30, 3:45 and then at 3:55 (close orders, I guess). I estimate they pulled the market back AT LEAST 50 points in the last hour.

Bud dropped 1 7/8 points... was off as many as 3. Won't be long now (BWDIK?)

Bill
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