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


To: donald sew who wrote (32488)10/27/1998 8:57:00 AM
From: HairBall  Read Replies (1) | Respond to of 94695
 
donald: I see maximum upside for the following upswing to be at 8803,

Well I just did my chart for this morning on the Dow Industrials and I concur that if the Bull Flag resolves to the norm, my next area of resistance is 8800. Seems a little scary, that our numbers are so close! <g> I also, have next resistance at 9100, if 8800 does not hold! My own indicators do not indicate magnitude of moves, just the direction!

I also have a support area of 8250 which is a number above the lower descending trend line of the Bull Flag.

but this upswing should not be smooth

Volatility, the best way for the Big Boys to bring uncertainty into the Market!

Note: All analysis done with End of Day Theoretical Semi-Log Chart.

BWDIK
Regards,
LG



To: donald sew who wrote (32488)10/28/1998 6:58:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Don and LG,

Yeah, I expected it to blast to 9,000 plus if we got through this area which we already have on VGY.

Bill