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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (44855)	11/29/1999 10:01:00 PM
From: NickSE	Respond to of 94695

Nope. If we don't penetrate it, the CRB just continues in its downtrend. In order to generate a P&F sell signal, it would have to penetrate the nearest support at 198. The next sell signal would be a break of 182 (major support) and probably indicate we have further to go on this downtrend before any kind of reversal takes place. Also, the P&F sell/buy signals are generated by intraday price movement and not closing. RE: "If the CRB, which has been in a downtrend since May 1997, penetrates 210, it would generate a P&F triple top buy signal." Interesting. Does it follow that a failure to penetrate 210 prior to a pull back indicate a "sell signal" on the CRB? Hope this helps, Nick