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

To: j g cordes who wrote (32962)	11/3/1998 3:43:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

jg, A close today in the Dec S&P futures within a point or 2 of 1118 will produce a "Harami Cross" pattern, a highly reliable candlestick reversal pattern. A close today between 1112 & 1121.20 will result in a "Bearish harami", also very negative for the market. As long as we meet one of these two criteria, I believe the index bears have nothing to worry about tonight. As for the Specialist short interest numbers, they may be too out of date to help much for short term forecast. The "Crash Index" figure is slow to change, and may not catch a big fall until we're several days into it, at which time it maay be more profitable to cash in on profitable shorts. Good luck on catching the big 'un, David