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


To: GROUND ZERO™ who wrote (13340)1/20/1998 6:52:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
GZ,

Meantime, we have about 25 points of upside pressure on the DOW this am... maybe THAT will help take the DOW to higher levels!

Bill

PS Do you have a text or something you use to learn about the pitchfork?



To: GROUND ZERO™ who wrote (13340)1/20/1998 6:58:00 AM
From: William H Huebl  Respond to of 94695
 
GZ - some links to keep you busy...
Money in the bank:
pathfinder.com
Currency still falling:
washingtonpost.com
Asian flu not over:
nt.excite.com
theage.com.au

Bill



To: GROUND ZERO™ who wrote (13340)1/20/1998 8:17:00 AM
From: Art M  Read Replies (1) | Respond to of 94695
 
GZ,

Please tell me if I am close to right on the DOW chart:

Jan high = 1/5 --- 9-10 days from Dec low
Dec low = 12/24
center tine drawn from dec high 12/5 --- 9-10 days from Dec low
bisect point approx 12/26
center tine penetrated to the downside on 1/12 (expecting prices to repel from center tine, I assume)

Now since center tine penetrated, draw new fork with:

Jan high = 1/5
Jan low = 1/12 --- 6 days from 1/5 high
center tine drawn from dec low of 12/24 --- 6 days from Jan high
bisect point approx 1/7 or 1/8
prices now approaching this rising line with possible penetration or
repelling on approximately 1/18, 6 days from bottom tine ???

Just curious if,

1. I have the right points for the two most recent forks ?

2. When you talk of waves of similar size - are talking about days (horizontally) or price movement (vertically) ? or ???

Thanks - Art



To: GROUND ZERO™ who wrote (13340)1/20/1998 5:57:00 PM
From: P.Prazeres  Read Replies (1) | Respond to of 94695
 
GZ,

The Dow powered through the upper pitchfork line today, right?

Paulo