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


To: HairBall who wrote (26479)9/4/1998 9:25:00 AM
From: Philipp  Read Replies (1) | Respond to of 94695
 
LG:

I can't tell what the chart pattern is on SPX. I can see a bearish flag, symmetrical triangle, perhaps a pennant if I want to (on different time scales though). But all of them sure look bearish. I have difficulties visualizing a bullish break-out from the pattern, but can easily picture a bearish break-down. Well, we shall know by this evening.

Regards,

Phil