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

To: ratan lal who wrote (17238)	4/24/1998 10:06:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 94695

I have no dandruff so I am not a Head and Shoulders kind of gal but Bill G. said on CNBC that he thought the Dow might be a reverse head and shoulders....

To: ratan lal who wrote (17238)	4/25/1998 12:22:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 94695

ratan, 4/6 is the left shoulder, this is close to where the market peaked internally and the a/d line started swooning. You can pick a 5 wave pattern up to the peak of the head on 4/22. As you move from the left to right, market internals should become weaker. If this is a mini-replay of the 4th wave pattern aug thru december 97 we should have a break of the neckline from the head and then a rebound to the right shoulder with market internals becoming even weaker. I believe we are in the 4th wave of 5 and the pattern may be similar. I think Monday might open flat to up and would be a great short term selling opportunity (one day trade) bwdik, bb