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

To: William H Huebl who wrote (71020)	6/4/2005 11:47:07 AM
From: blitzfund	Respond to of 94695

Bill, To keep it simple lets start with the S&P 500 Daily chart (mini-expanding triangle). For the TOP of the (mini-expanding triangle) Draw a line starting (intraday high 1217.90) on January 3rd 2005 extending onward through (intraday high 1229.11) on March 7th 2005 and one can see that 1240 isn’t such a stretch on the imagination. BWDIK For the Bottom of the (mini-expanding triangle) Draw a line starting (close/low for the day 1163.75) on January 24th, 2005 extending onward through (intraday low 1136.15) on April 20th 2005 and one can see that 1120-1100 isn’t such a stretch on the imagination. IMHO In My Humble Opinion I think this expanding triangle is indicative of the market becoming more unstable over time, which will eventually lead to us to take a look at the larger of three expanding triangle (which is another story) if and when the Bottom of the of the (mini-expanding triangle) is broken when/if Da Big Kahuna wave comes down with its full force. Blitz P.S. I told you I would attempt to keep it simple which I hope I did.