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

To: robnhood who wrote (19055)	5/25/1998 11:57:00 PM
From: bobby beara	Respond to of 94695

Russell, you can see breakouts that create bull or bear traps then reverse and go the other way or you can have clean breakouts. If you look at the summation index leading into January 12th it was a perfectly formed symetrical triangle that broke out big to the upside. If you look at the dollar chart, it had a false break to the upside that reversed down - Claude has a chart on this. One of my favorite breakouts out of a triangle was SOFT going into November 97. It had been in a narrow triangle since July 97. First it broke big upside, then it broke big downside into late December, then broke big upside until April 23rd. We are same price on SPX as Greater Fools day. This kind of flat 2 month trading range is gonna begat some major volitility. This supposed calm before the storm that begat a -271 Oscillator Depth Charge is going birth Godzilla. Later we'll talk about Goldzilla -g- bwdik, bb