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

To: Skeet Shipman who wrote (50579)	3/27/2001 6:14:56 AM
From: William H Huebl	Respond to of 94695

Skeet, I NEVER challenge a diamond formation!!! And Mr. DOW is under one right now. Typically, the diamond resolves itself by a drop equal to it's heigth, which puts Mr. DOW at 7,800. (Note: some say WIDTH which would really put it in the toilet). And with the human reaction to a fall like THAT... I double the fall to at least 5,000... and could go to the 1987 level of 2,700 which has never really been tested. Now I can be converted to a bull, but it takes some significant changes in the TA picture right now to do it!!! Bill