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

To: Bull RidaH who wrote (24319)	8/14/1998 7:10:00 PM
From: donald sew	Read Replies (2) \| Respond to of 94695

David, What are you using to calculate the size of this decline - 9367 or 9041. Technically, arguements can be made for both. In the bigger scheme of things I think 9367 should work. Just did a quick calculation/projection and for my short-term technicals to get oversold it would require at about 200-300 point drop in the course of 2, maximum 3 days. So Im calculating TUE for the signal to ring with the buy-in day on WED's at the intraday lows. Normally, at the close of the previous day(TUE), depending on how low it gets, is when I get in. So I am also targeting late TUE afternoon. The 2 next strong support lines are 9200(9238-9166), and 8050(8073-8035). I believe that one of them will hold. There is a weak support line at 8317, but feel that could be easily broken. Wonder if MONDAY, will be the big STAIR-STEP down. With Clinton speaking in the evening, just dont think there will be that much to rally the market on Monday. Seeya