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

To: HairBall who wrote (25652)	8/29/1998 11:35:00 PM
From: William H Huebl	Respond to of 94695

LG, I agree there is penetration but I usually don't act until we have at least a 3-5% break. What is the rationale for doing that? Well there are hundreds of ways of plotting charts if you include compression ratios, plotting methods and even variations of plotting methods. For example, the weekly P&F chart 1x10 of High to Low shows we aren't even close to breaking the uptrend in DOW. I believe what is controlling this market is info not completely factored into it which keeps popping up, in a manner of speaking, like zippergate and a potential Russian coup and who knows what else? So this week should tell the tale IFF (if and only if) the market tanks much more. And as I have posted this weekend... the technicals surely don't look all that strong... Bill