Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Arik T.G. who wrote (33710)	11/15/1998 10:26:00 AM
From: HairBall	Read Replies (1) of 94695

Arik: Using a Theoretical Daily Semi-Log Chart, using only the low clusters and ignoring the low spikes, I find the recent rally is still below that previous Bull Support Trend Line. (I know that is taking liberties.) However, if I use the lows spikes as in the chart you linked, I find the current rally has penetrated the old Bull Support Trend Line and is currently buoyed above. True, in both plots the old Trend Line was violated with the pullback that began in July. Do you see any significance that the old Trend line has been penetrated to the upside using the chart in your link as a trend line plot guide? Regards, LG

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