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


To: donald sew who wrote (18636)5/18/1998 7:12:00 AM
From: William H Huebl  Respond to of 94695
 
Don,

Yeah, need more downside and it easily COULD be 55 days before it is over... I have no indication of a BK yet, BUT if my BK indicator sets up negative this week and triggers NEXT week I could believe it then.

BTW, the BK indicator only started working for the move up since 1994... so it could stop working at any time.

IMHO,

Bill



To: donald sew who wrote (18636)5/18/1998 1:51:00 PM
From: bobby beara  Read Replies (3) | Respond to of 94695
 
INDU Chart check

iqc.com

On 5/4 we made a throwover of the aligned tops at 9216, today I would expect an equal throwover bottom bear trap which would breach the rising bottoms trendline and put todays closing price around 9024.

Tremendous amount of bearishness in the media. I'm always a day early -g- Today is like November 12th.

I would suggest anyone short should cover at the end of the day and go long. This rally should be explosive, with this kind of heavy sentiment.

bwdik,
bobby b