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

To: Bull RidaH who wrote (13647)	1/30/1998 7:57:00 AM
From: bearshark	Read Replies (2) \| Respond to of 94695

David: I see the flag. I think the flag and the triangle would get the same approximate projections. At any rate, they both used the same resistance line. Now, turn the DJI chart upside down (I am using a closing price chart for this) and you see a beast of a reverse complex head and shoulders pattern beginning with the August 6, 1997 high.. This too could get us up to the same projections as the triangle and flag. I am hesitant to chart indices though. However, with all the bullish patterns in many of the major indices, they cannot be ignored. Now for the OSX, I am waiting for it to define a pattern. For now, it looks like it is trying to consolidate based on the strength in oil prices as you say. If so, I will miss beating-up on CDG. If a good pattern emerges, and everything else appears right, I may have to cuddle up to it. Arrrghh. About the ARMs, it has not missed a significant turn since I have been using it. The trick is understanding how to use it. It has been fairly well-behaved in this rally. However, two more strong days or so may change things. Keep posting, I find them interesting.

To: Bull RidaH who wrote (13647)	2/4/1998 4:58:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 94695

david you had a great call on this market on jan 26 now what do you see with all your guru stuff "The cumulative 5 day closing Arms is certainly one of the finest tools I've ever seen to get one in sync with market direction...(sure wish I had found it earlier...if so, i'd probably be writing this to you from some remote island in the Pacific (named after me g). do you use this the same as bearshark..above 6 or below 4 and do you find a day delay...bearshark was talking about that yesterday.... and what about this concept of it not working as well in an uptrend versus consolidation thanks for your insight...