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

To: Paxb2u who wrote (24584)	8/18/1998 3:43:00 PM
From: HairBall	Respond to of 94695

Peter: My stuff is trend following. I just try to be on the right side of the trend. I usually don't project exact bottoms or tops, for any move. Now, that I said that, next real area of resistance is the 546-548 area as you indicated, for the OEX. (Draw a horizontal line along the April to June consolidation highs.) As, you probably already know, the April to June consolidation lows proved to be resistance for the OEX, for this move down, so far. My Sht/Med Term MACD_OSC (end of day), reversed indicating upward momentum for the OEX on 8/11. However, it has yet to give a buy signal. Once again it is trend following. For intra day expectations, for now, I look at price and volume action intra day and at the close. BWDIK Regards, LG