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


To: HairBall who wrote (30435)10/6/1998 9:30:00 AM
From: bobby beara  Read Replies (4) | Respond to of 94695
 
LG, the chart pattern is mimicking last falls pattern quite closely.

On December 8th we fell out of the bearish rising wedge from the mini-crash lows, bottomed 12/24 then had a barn burning rally into 1/5 then the final dip into 1/12.

I believe we are in the barn burner rally section and should retest the lows after this rally peaks out in several days.

The "Crash of 99'" I believe should be taken as a powerful contrary indicator, just as the "Married to the Bull".

bwdik,
bb