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

To: GROUND ZERO™ who wrote (11567)	12/14/1997 8:20:00 PM
From: bearshark	Read Replies (4) \| Respond to of 94695

Hi GZ: I did my charting on the NASDAQ and the DJI for the weekend. As you know, everything is subject to interpretation. So here is mine. I did not have the daily closes on the NASDAQ, so I had to use an already prepared chart. If we break below the lows of October, I will have a confirmation that the NASDAQ is in a bear market. (My chart was so bad I could not be sure we were not already below the October low; if we are, then the bear is already confirmed in the NASDAQ.) For the DJI, my next resistance line is at 7550. I think that is the same level that you mentioned. After that I have a more important resistance line at 7150. If 7150 is taken out, I have a bear market confirmation in the DJI. Both of these lines move higher daily. But remember, what do I know.