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

To: FJV who wrote (24443)	8/16/1998 10:03:00 PM
From: donald sew	Read Replies (2) \| Respond to of 94695

Franco, Yes I have also been watching the NYSE, and you are correct. As I indicated in my previous note, I am starting to get nervous. I still believe there will be a relief rally, and my initial feeling is that target of the rebound should be near 8850. Unfortunately, I have been looking at several resistance areas, and I truly hope that the top of this rebound is not the 200 day moving average which is now at 8500. That would be awful. Can you imagine how the BULLs will feel if the 200 day moving average became the main resistance line. If that happens - well lets just say it will be REALLY BAD, not a little bad. seeya