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

To: yard_man who wrote (20565)6/17/1998 12:07:00 PM
From: epicure  Read Replies (1) | Respond to of 94695
 
On the Naz RSI, Momentum, and stochastics all indicate a bottom or near bottom, candlesticks had a morning star pattern- generally very bullish (and composed of an inverted hammer and a regular hammer- all indications of a break in the down trend).

Bill, is this the beginning or the end? I vote for an intermediate bottom, followed by a summer rally, followed by a correction in late August\ September- unless the charts change dramatically.



To: yard_man who wrote (20565)6/17/1998 12:16:00 PM
From: Oeconomicus  Respond to of 94695
 
tip, I'm with ya', but I can't take much more of this insanity. Perhaps I'm the one who is insane, but everything tells me that this kind of speculative frenzy (AOL buyout rumors are a great excuse for AMZN to go up another 10%. Some joker was even trying to convince AMZN bears that MSFT might by it.) and all the volatility and buying panics will end very badly.

BWDIK? Apparently not much.

Bob


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