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

To: GROUND ZERO™ who wrote (11940)12/20/1997 6:36:00 AM
From: William H Huebl  Read Replies (3) | Respond to of 94695
 
Complacency kills, GZ,

And I am afraid we are ALL suffering from it right now!

AT NO TIME IN THE DOW'S HISTORY FROM 1973 (the earliest info in my database) through now have we had the equivalent of the sell-off that started in AUGUST 1997!

Check it out with a 3 line break set at 9. It is chilling... the closest we get is 1987. And if I approximate where we are in THAT year it would be Sept 18, 1987.

So remain on the arlert, be vigilant... and make sure the line you are swallowing isn't your own and is taken with a grain of salt... maybe 2. I am NOT asking you to believe my theory... just watch out!

Bill



To: GROUND ZERO™ who wrote (11940)12/21/1997 12:51:00 AM
From: Investor2  Read Replies (1) | Respond to of 94695
 
RE: "The DOW chart is forming an inverted head and shoulder pattern, the right inverted shoulder now in place. If we rally to the neckline, there is a measured move to about 8600."

What level do you see as the neck line?

Thanks,

I2


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