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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (34555)11/28/1998 2:07:00 PM
From: bobby beara  Read Replies (1) of 94695
 
Donald, I remember one commentator say during early October, how much more bad news can the bears bring out? Now you have to ask the same question, how much more good news can the bulls bring out? -g- I think the AOL/NSCP deal is a blockbuster bullish news topping story. Also like July, the summer rally ended before the summer was out and this Santa Rally will end way before Rudolph even gets warmed up -g- The volume on the coming down days will tell the story. I think we are reaching a point of supply that will have to be distributed. This last leg up has all the characteristics of a fifth wave move, narrowing breadth and heavy speculation - a move below zero on the Oscillator should be a good sell signal. Here is an indicator for you -g- I was looking at this stock echo and it has big volume gap up days on 4/20&22 - 7/20 - 11/27, all other trading days in the year were on less than 5% of the volume of these big gap daze -g- Do you Echo my sentiment -g- Another fib relationship - Friday was 21 days from the 11/6 top. bb
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