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

To: Thomas C (Hijacked) who wrote (31036)	10/9/1998 10:11:00 PM
From: Darrin Vernier	Read Replies (6) \| Respond to of 94695

Sometimes I prefer the simple stuff. Looks to me on the Daily INDU chart at fastquote.com , that if one drew a 45 degree angle from the July top down to today's close, one would have a clear tendline. Draw the other at 7500. Yesterday, we penetrated the lower and pulled back. Today we just touched the higher. The trendlines are converging. If we don't break through the upper Monday with a vengeance, I only see one direction left to go. I see annihilation this week, heading into expiration. Minimum target 5937.5, BWDIK. Darrin