Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: William H Huebl who wrote (12944)	1/10/1998 8:28:00 AM
From: bearshark	Respond to of 94695

Hi Bill: Have you or anyone else tried to use such a thing as I posted below. Message 3138315 I have not thought about LEAPS on indices.

To: William H Huebl who wrote (12944)	1/10/1998 12:56:00 PM
From: GROUND ZERO™	Read Replies (5) \| Respond to of 94695

Hi Bill, The sell off was too rapid and wide spread. Everyone is looking at those October lows, hoping it will hold. These market never accomodate the expectations and hope of the majority. These are a few reasons: 1) the DOW has complete a H&S formation when it broke below 7700. 2) the DOW has also completed a coil, appearing very similar to a H&S pattern since the H&S pattern is slightly rising. 3) both the H&S and the coil project a measured move to 6800-6900. 4) the DOW put in an outside reversal week when it closed below 7700. This is the first time in memory. This, alone, I believe is a significant event. 5) there are numerous fundamental factors currently impacting these markets. These are five arguments which merit serious consideration. Of course, I could be wrong. GZ