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Strategies & Market Trends : Waiting for the big Kahuna
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To: Vitas who wrote (37026)2/3/1999 2:17:00 AM
From: bobby beara  Read Replies (2) of 94695
 
Vitas, I am looking at bellwether IBM.

a big gap break of the uptrendline on earnings/revs disapointment.

and indecision/consolidation triangle,

now a break below support.

1/8 was the bull? market peak, the break into 1/13 was wave 1 down.

we have had a corrective abc wave up into last Friday (cash spx made a new high, but not the futures)

we are now entering the biggest move down of this current leg (wave 3)

This is the 2nd consecutive high made in the spx with the oscillator below zero.

DATZ bbbbbbbbbbaaaaaaaaaaaaaaaaaddd!
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