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

To: bobby beara who wrote (18267)	5/9/1998 6:43:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

I worked on that chart Thursday night, here is Fridays chart, so far so good. 1st leg in. decisionpoint.com In Oscillator speak, the second bottom (or the right head on the inverted (h&s) after a washout bottom or low is called the buy spike, because that usually is a beginning of a measured move and not just a dead cat bounce. If 4/27 was a warning shot, I'm thinking that a -271 warning shot is a big canon, setting us up for a much larger washout low. bwdik, bb

To: bobby beara who wrote (18267)	5/9/1998 7:45:00 PM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bobby, Jerry Favors sited the same example of the McClellan Oscillator as a factor for the strong move which should occur this week. But he also indicated the worry of the divergences of some major indexes. It is possible, but I still feel that the divergences of some of the major indexes will limit the up move to 9200-9300. Per your chart, during the "WARNING SHOT" which occured in Aug, was there also as many divergences as it is now. That may be the key. Seeya