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


To: Vitas who wrote (17881)5/4/1998 1:11:00 AM
From: ratan lal  Read Replies (1) | Respond to of 94695
 
VItas

I am not at all familiar with the mac oscillator or the Bradley date but would like to confirm that my undersatnding of your post.

Are you suggesting that we will move up from here until May 14 or 15 and then go down for 14 to 17 trading days ??

If so, any numbers on SPX, SP8M or OEX for the potential high or top ?

ratan



To: Vitas who wrote (17881)5/4/1998 5:36:00 AM
From: bearshark  Read Replies (3) | Respond to of 94695
 
Vitas: I cannot argue against a further rally. The charts that I posted in note 17871 can all be viewed as bullish. Looking at Europe at this time, we could have a strong opening. Germany is up 4 % and France is up 2% with Britain up over 1%. A rally to mid-month that fails would be just fine.

On the other hand, I played with the rally from 7700 on the DJI and added two more legs two it using Fibonnaci numbers. I did not take it seriously but I ended up with a number of 11,500.