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

To: Bull RidaH who wrote (15718)	4/8/1998 8:36:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

David, Great call. Per our previous discussion I we may be getting that pop up today, and per the 15 min chart it looks like that we should see follow-thru of yesterday's rebound at the end of the day which brought the DOW up about 60+ points. If it does occur we both realise that it will only be a mini-bounce in this pullback, and will give an opportunity to get puts. If the pop today is substantial, it would just be a sucker's ralley. It could even be a double top, but doubt that it will get that high today. I do not use waves or FIB numbers, I actually developed my own mathematical system which I call the GUITAR, but we are coming up with similar results. My analysis is more towards the very short-term and as of now I cannot see any technical signs that this decline will be very large within the next week. I still see the first strong support for the DOW at 8750 range. I do see that there will be a bigger pullback in MAY. You previously mentioned the diamond pattern - were you talking about the 3 day diamond pattern or is that something else. Seeya