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

To: The Perfect Hedge who wrote (34640)	11/30/1998 4:43:00 PM
From: donald sew	Respond to of 94695

Hi Beeble, Depending on where my short-term technicals are at the time, I will go long at 9000. If we start getting another STAIRSTEP, which would imply that the trend may be heading down more, I would have to adjust my position. I will be looking for a CLASS BUY per my system; however lets say that it never gets that low and bounces up a little and starts oscillation in a range. We could be getting another STAIRSTEP. That is what happened the last time. STAIRSTEPs are just RECTANGLES, and like WEDGES, PENNANTS, FLAGS normally take the direction of the immediate trend. What I will probably do is if I do get a CLASS BUY signal, I will go for it, but if there is not an immediate pop to the upside (within 1-2 days), I will close the position. Seeya