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

To: Bull RidaH who wrote (31389)	10/13/1998 3:18:00 AM
From: Thomas C (Hijacked)	Read Replies (1) \| Respond to of 94695

David P, that downtrend line is quite amazing isnt it? And I think further evidence that the current tick marks are in a similar position to approx Oct 1929 tick marks is the great number of gaps we have been having lately (up and down). The 1998 market really seems to want to take its time though backing and filling as compared to 1929. So even if we start to get a huge break to the downside of 7400 the reaction rally could last many days before heading lower again unlike 1929 where most of the reaction days were just 1 tick mark... tc

To: Bull RidaH who wrote (31389)	10/13/1998 8:36:00 AM
From: HairBall	Read Replies (1) \| Respond to of 94695

David: I believe the only line to be concerned about is the line from the 7/20/98 peak that connects the 9/29/98 peak. That line will be at 934 SPX tomorrow. What perimeters are you using! (end of day, actual chart data or theoretical) I assume you are referring to the upper descending trend line. Using End of Day, Theoretical Data, Semi-Log Charting and extending the trend line of the highs of the above mentioned dates, (same ones I have been using) for one day, I get approximately 1035. Regards, LG