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

To: GROUND ZERO™ who wrote (11696)	12/16/1997 7:03:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

GZ, Depending on where you draw the lines, 7,960 - 7,980 seems to be current resistance. I would see the market getting to that point today and not making it through. If perchance it does, I am looking at 8,040 and the low 8,100s as the next resistance areas, respectively. What do you think? Bill

To: GROUND ZERO™ who wrote (11696)	12/16/1997 7:14:00 AM
From: bearshark	Read Replies (2) \| Respond to of 94695

Hi GZ: The rally back from the low in the NASDAQ yesterday prevented a confirmation of a bear sign using the TA I follow. I was surprised by the strength of it. The overseas markets and Globex hold some promise for some continuation today. I did not calculate any technical stuff last night, but I believe we are still in an oversold condition. I will check tonight. I agree with what you say. The rally needs to add another day to it and then maybe it will get used to it. I just hope it carries into January.

To: GROUND ZERO™ who wrote (11696)	12/16/1997 9:21:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Hi GZ, talk about mother of all coils, I think the Naz and the S&P are in a coiling action as money runs to and fro. IMHO, the end of day weakness in the Dow tells a story, and Compaq breaking thru it's neckline. I think the S&P makes a 968 peak this morning before reversal to put in right shoulder and the Daq has a rally that fails at the end of the day, maybe with CPQ retracing back up to it's neckline. I think Thursday will be a make or break day. Merry Christmas to you and your family, Bob