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


To: Gary105 who wrote (51031)4/13/2001 4:26:00 PM
From: GROUND ZERO™  Respond to of 94695
 
The overall chart patterns of the past two to ten years is very positive for a new bull leg beginning in this time period... the market internals have been very bullish for the past three months, i.e., the NYSE advance/decline is very solid and the new high/new low ratio has been running 20 to 1 to the up side over the past 9 weeks or so.. this is remarkably bullish... the DOW components are enjoying extremely large volume on up ticks... the major correction of the past 12-18 months is pretty much over..... oh, we could see a few days of scared selling, but the selling will be brief and relatively shallow compared to what we've seen so far.....IMHO

My opinion would change if the chart pattern changed.....

GZ