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

To: GROUND ZERO™ who wrote (69052)	3/20/2004 10:17:47 AM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

There are 3 major support levels IMHO for the DOW Industrials: - 9800-9900 level - 9300-9400 level - 8400-8500 level I think the market dynamics caused by investor fear may well take over as a market mover if the 9800-9900 level is significantly penetrated and we may have a retest of the lows in the low 7,000 range within the next 6 months!. If we are truly in a bull market... then the retest of the 9800 level will suffice. And here is my major concern... last year I promoted the idea we might have a breakout involving the inverted H&S BEFORE the normal H&S took over. Well that has happened and completed for the inverted H&S. If I am right again concerning the upright H&S, we could see a retest of the 1987 peak before it is all over. All the caveats apply including, BWDIK & IMHO, etc, etc, etc! As far as your response: <And then, it's off to the races...> ... that is very interesting!