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

To: Robert Graham who wrote (20141)6/12/1998 10:10:00 AM
From: HairBall  Read Replies (1) | Respond to of 94695
 
IMOH: Do not under estimate the possibility that the market as measure by the DOW could continue to trade in a sideways channel with a downward bias, allowing the 200SMA time to come up and play tag.

The market as measure by the DOW could already be trading at are near its lows...before resuming its long term upward trend!

Regards,
LG

Edit: There could be a dip down, as in the previous consolidation!



To: Robert Graham who wrote (20141)6/12/1998 10:50:00 AM
From: Grantcw  Respond to of 94695
 
Bob,

Speaking of pivot points:

Didn't the Nasdaq just bust through its pivot point on the downside around 1745? I think it bottomed out around that level three times during the last week or so, but today provided basically no support.

Grant


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