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

To: GROUND ZERO™ who wrote (11673)	12/15/1997 5:08:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

Hi GZ, the Nasdaq is sitting right on support, but CPQ has broken thru it's neckline and all the semi's were downgraded, but short covering bears who have been burned for the last six months, ran for cover anyway. In a bull market, downgrades have usually signified bottoms, we'll see the reaction in the next few days and really have the handle on bull or bear. IMHO, it will be hard for the bulls to ignore an industry with an average 35% or more exposure to Asia. IMHO, a Compaq quack will wack the Daq, think I'll stick with my MAC -ggg-. The McClelland Oscillator for the Daq had a minor change reading which indicates a major move within the next 2-4 trading days. Have a great one, looking forward to your interpretation of the charts. Merry Christmas, Bob