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

To: Bull RidaH who wrote (36891)	1/29/1999 9:28:00 AM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Well 1279 was hit.... Will it quit? I believe so, but if we hit 1284 (Mar S&P) at any time, this upwave could hang over into early next week before the next wave of selling begins. Otherwise, we should quickly get back below 1275, and find the 1275 to 1276 area should contain rallies for the rest of the day, as that is a key EW reversal area. Then we close with some negative price action underway. Downside targets now in place.... Best case scenario for the Bears...(947 Mar S&P/7774 Mar Dow). Petal to the Metal, David