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


To: William H Huebl who wrote (21556)7/13/1998 10:28:00 PM
From: bobby beara  Read Replies (2) | Respond to of 94695
 
Bill your scenario might not be that far off. The techs have gone parabolic and Intel has been there at important market turns in October, January and March.

Tomorrow looks like an attempt at 2000 will be made and would be a perfect place to reverse.

NYSE a/d line reversed off the October High (and we are only 185 spx points higher - maybe 200 by tommorrow)

Dow has failed to confirm new highs and so far is failing the inverted H&S or cup pattern, same with trans ports.

Microsoft has been going up like an internet stock - so has Dell.

If we open flat, I will be buying some AOL calls in the morning. There is an ascending triangle pointing to 125, will be out by close and probably be looking at short candidates.

no guarantees, no guru, no money, no cents, no nothing, propeller beanie busted,

bwdik,
bb