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

To: SE who wrote (19443)	5/29/1998 9:31:00 AM
From: set	Respond to of 94695

Scott - OMG you're right. can't believe I didn't see it, as it's one of the things I look for in individual stocks. IMO this will be easy enough to judge now that you've brought it to our attention. if we get a tight little triangle culminating right around here between 1080 and 1110 then it would be a very convincing rounding top. IMO if that happens we'll go through 1050 before anybody knows what happened to them. another thing that confirms your view. rounding tops have the character and feel of the entity in question seeming to stay afloat when everything indicates it should have already fallen. that's been abundantly true here, and is typical of detrmined distribution. there have recently been breakdowns in rounding tops in a number of stocks (some folks here played GTW down I believe). Finally, the same thing is being mirrored in some stocks right now (FINL is one example). so I think a little further consolidation will call it, but not very much. Shahar