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


To: Moominoid who wrote (34691)12/1/1998 8:25:00 AM
From: bob wallace  Read Replies (1) | Respond to of 94695
 
David:

3 patterns from Street Smarts

1) 3 Indians (ie the last 3 spike tops define a sell signal)
2) Spike and ledge (ie the latest spike and consolidation (ledge)
was broken yesterday)
3) a "Wolfe Wave" sell signal which is a measured move and looks to be predicting a 50% decline

also there are divergences with MACD, Elder's "Elder Ray" and TC2000's "time segmented volume" and "money stream" oscillators

oh yeah, P&F gave a sell signal yesterday too, with negative RS to boot!

in short, a dead duck

Bob