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


To: Investor2 who wrote (11607)12/14/1997 8:00:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Hi I2,

I don't know of any signal within the coil formation that gives any indication of which way it's going to blow. The coil more often than not resolves itself in the direction of the first stabbing spike. In the NAZ, the first spike is down, therefore the likelihood of a bearish resolution was great. This is why this particular coil was tagged a bearish coil.

GZ