Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby beara who wrote (33537)	11/11/1998 8:45:00 PM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bobby, >>>>>>>>> . I believe my wave 5 call on the OEX was precise and Friday was the top. I believe this may have been the momentum peak of this rally. churning pullback, then a blast to the price peak, a possible double top in the indexes or marginal new high. Don't like that the transports failed to give a dow theory buy signal. Bear market rally, too much speculation, no base building. <<<<<<< Yeah, Im starting to agree with that position. The BKX, TRAN, XAL broke their trendline to the downside recently and went lower today. Since such trendlines are rising, the divergence to the downside from the trendline is magnified. I suspect that the trendline will become the resistance. Also take a look at the RUT. This rally is narrowing in issues - not a great sign of strength. I was actually hoping for a upswing into the FOMC meeting to retest the recent highs - we may not get it. Still sticking to my trading range trend and that the mid-term top around 9091, if it gets that high. Seeya

To: bobby beara who wrote (33537)	11/12/1998 12:17:00 AM
From: HairBall	Respond to of 94695

bobby: I agree with the Trans non-confirmation, but I believe we may have one more small up move after a slight Bull Flag consolidation. The Dow's Bull Support Trend line from 94/95 to the July top, may prove to be the final resistance. BWDIK Regards, LG