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


To: bobby beara who wrote (21370)7/7/1998 10:43:00 PM
From: HighTech  Respond to of 94695
 
Hi. I've been reading this and TSO (my two favorites) for months. I like most of the dialog. Just a few observations. Looking at weekly charts of indexes, most have broken downtrend lines on more than a few heavy volume days. This appears to be a positive for the market. Today's action however was a fairly heavy volume day without much price progress to the upside. This contradicts what has been happening the last couple of weeks. Could this be a short-term top?

I would like to see David Plonk post more here as he used to a few months ago. I enjoyed his posts as I do most of the regulars here.

Good trading,

HiTech