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

To: Rich1 who wrote (47216)	5/1/2000 5:58:00 AM
From: GROUND ZERO™	Respond to of 94695

Here, take a look at this chart pattern since May of last year... tscn.com Since May of 1999, there are four rising tops and three descending lows... that broadening pattern is a topping pattern... the most recent rally to around 11500 failed to make a new all time high, and now this most recent rally failed at only around 11000... this failure is now being followed by a sell signal... I take this as an intermediate ominous sign for the DOW... it can also be construed as a head and shoulder pattern with a descending neckline... either way, it's not a bullish pattern... GZ