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


To: HairBall who wrote (22980)8/1/1998 7:16:00 PM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
iqc.com

The sharpness of the down move near the end of the day seemed that way to me. Also I can make a case for a 5 wave count down with 1 ending @586, 3 ending @565 - an ABC countertrend rally and 5 ending @ 562 late in the day Friday.

We also (on nyse) bounced off the trendline from October 28 and Jan 12th)

I would have to see us move through 1166 big volume and 3-1 a/d to make me a believer in Dow 10,000 though. This rally could just be a counterend rally and the bear is intact.

wanna bee