Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (39552)	4/15/1999 10:51:00 PM
From: Moominoid	Read Replies (2) of 94695

SPX closed about 1 point below the 13dma at the top of the last ascending triangle. Looks like support to me. Using my weekly indicators on SPX I can lower my BK alert. Last week I noted that about two weeks more strong upawrd movement would put us in a July 98 type top. This little pullback has lowered the statistics and it will take longer or higher again to get to a turning point of that type. David

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