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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (622)	6/13/1998 11:04:00 AM
From: HairBall	Respond to of 3339

Bobby, Chart the DOW IND. Run a Bollinger Band 20 day weighted, with 2 standard deviation. Notice the channel. I believe the market is struggling to stay in that channel. I look for the market to begin a resumption of the uptrend, after the DOW IND index begins to play tag with its 200 SMA. This could be achieved by sideways action until the 200 SMA rises up and or a dip. Think about it. The 150 point moves we are seeing today, are the ruff equivalent to a 40 point moves in Oct 87. Not really such a blood bath, YET! BWDIK Regards, LG PS: Remember, I am not a day trader!