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

To: ViperChick Secret Agent 006.9 who wrote (18493)	5/14/1998 4:40:00 PM
From: Peter Yang	Read Replies (3) \| Respond to of 94695

Well, HWP warned yesterday and NSM just warned today, who's next?

To: ViperChick Secret Agent 006.9 who wrote (18493)	5/14/1998 4:54:00 PM
From: Bull RidaH	Respond to of 94695

I'm completely out now, but looking to reenter long at 40% of capacity down around 1115.90, the point where the uptrend from the 5/7 and 5/12 lows converges with the downtrend from the 5/4 & 5/11 highs. This area is also known as the "nose of the pennant", and usually provides substantial support if not a likely reversal to a small downtrend. I have to remain bullish as long as this area holds, and will stop out of this long attempt at 1112.60, and go 20% short there as well. I wouldn't get agressively bearish until 1109 and then 1105 are taken out on the downside, and would then be looking for the move to run down to 1087.50 minimum. Otherwise, still gunning for the high 1130's in the near future.