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


To: Orhan Birol who wrote (20128)6/11/1998 11:49:00 PM
From: Gersh Avery  Respond to of 94695
 
Orhan .. I'm glad that someone else is watching that umbrella.

IMHO This looks like a different type of top formation then we've seen with the overall market. Usually we see some pointed spike up then a sharp dropoff.

INTC and the SOX have had these type of tops in them, but not the DJIA S&P or NDX .. not for a very long time anyway.

I noted that the DJIA seems to have returned to the curve that it left a few days ago, give or take a few points. At least thats what it seems like to me. NDX and NASDAQ have a few more points south to go to return to dead center. Is this how you read?

Gersh



To: Orhan Birol who wrote (20128)6/12/1998 11:10:00 AM
From: yard_man  Respond to of 94695
 
INTC was good buy -- congrats. I think it still has plenty more potential on the downside as well.