Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: William H Huebl who wrote (10589)	11/29/1997 12:33:00 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

HEY BILL!!!! haven't talked in awhile....If I recall correctly , you were chanting to the Urdo Gods for a coming Head and Shoulders back in May, just after the Spring correction. We had discussed the possibilities back then but , obviously , it never developed. Todays chart of the SP-500 holds much greater promise of such a pattern, with the right shoulder being formed as we speak, and the base of the neck being around 900. Just an observation, nothing more. With the majority sentiment remaining positive I suppose it would be more likely to see a double top situation and a wide trading range until something happens to signal the end of this expansion....as you mentioned, employment inflation, Fed rates etc. etc.....incidently I noticed awhile ago that most HMO etc. said they were going to raise rates 6%-8%, this along with rising wages and a tight tight labor market will show up in the next ECI, one of Greenspans major indicators. Carl