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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (10627)	10/31/2000 7:38:31 AM
From: Allan Harris	Read Replies (1) \| Respond to of 42834

Dick, I count five waves up on the daily chart (DJ Utility Average) with oscillator divergence, so some consolidation was called for as is evidenced with P&F reversal. Is this the end of the move, or a 30 second television time out before new highs? Looking at the weekly and monthly charts, which as you can guess look stellar, I think we go higher after this consolidation is complete. This DJ index is at 392, could fall to 350 and still be in longer term bullish mode. A break above 400 would ignite new impulse wave up of 100+ points. A break below 340-350 would suggest endgame. A