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

To: HairBall who wrote (26631)	9/6/1998 10:53:00 AM
From: bobby beara	Respond to of 94695

LG, I also can make a case for an angled neckline on the NYSE off the August and January lows, which means we had a powerful high volume break, a retrace and failure to close inside the neckline. A .618 fib retrace of this leg from the 94 lows to the 600 peak, puts us right on the Spring 97' lows. I believe the RUT, TRANS, BKX are pointing the way. MSFT chart looks exactly like the 87 chart with a lower peak, a break of the neckline and a retrace back up to the neckline then the crash. I can see this formation on lots of tech fluff. Fundamentals are still way out of line and still priced for goldilocks. 300 point 1st panic leg 500 point 2nd panic leg 800 point 3rd panic leg (or maybe skip over to 1300?) Dollar chart / Bond chart - BEARISH DIVERGENCE! Defense to remain on field until McQuire hits 70 home runs -ggg-