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

To: donald sew who wrote (23802)8/10/1998 10:11:00 AM
From: James F. Hopkins  Read Replies (3) | Respond to of 94695
 
Donald; I don't think at these levels New Highs can tell us much,
I would watch the New Lows, and if Monty will run the scan
the count of stocks going below their 20 DMA or coming above
it.
Jim



To: donald sew who wrote (23802)8/11/1998 7:06:00 AM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
Well Don,

Looks like we will get the retest today. The Fib number would be 5 rather than the 8 I expected last week.

If we break below 8,500 then we will probably retest the upper 8,300 level before moving higher.

The question, of course, is whether the 200 day MA will contain the drop as it did last week.

Bill


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