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

To: bobby beara who wrote (11506)	12/13/1997 9:31:00 PM
From: Tommaso	Read Replies (3) \| Respond to of 94695

I would be grateful for an explanation in simple language of what a "bear coil" is. Just igorance, not skepticism or hostility.

To: bobby beara who wrote (11506)	12/14/1997 7:50:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Hi Bob, I agree, it's now or it's the kahuna for U.S. markets. I don't believe the Nikkei has a coil here. The prevailing trend was down. The coil requires a narrowing of the trading range. Look at the NAZ chart. The coil need to be horizontal, the Nikkei pattern is ascending. What your looking at is a bullish pennant formation that appears to be failing. I believe we'll put in a double bottom and eventually rally to exceed the highs of this pattern. The weather sucks here and my wife decided she wants to take a cruise to Tahiti. So we booked one for July 18th. It should be nice. GZ