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

To: Chip McVickar who wrote (37921)	3/3/1999 12:05:00 PM
From: bearshark	Respond to of 94695

Chip and thread: Doesn't this thing look evil. 207.95.154.130

To: Chip McVickar who wrote (37921)	3/3/1999 12:10:00 PM
From: bearshark	Respond to of 94695

Chip and thread: Its got a friend. 207.95.154.130

To: Chip McVickar who wrote (37921)	3/3/1999 12:35:00 PM
From: bearshark	Read Replies (1) \| Respond to of 94695

Here is little brother. 207.95.154.130 It is difficult to see positives now. The three H&Ss I just posted are all waiting to prove themselves. Not only are they nasty looking, but where they are in the larger formations is scary. The INDU has a ugly symmetrical triangle with this H&S just at the bottom of that larger formation. The INX H&S potential breakout is located right where it can do damage to the triple top on the INX. We don't have to worry about the OEX with these formations but it is above and looking like its big brother and cousin. We should have rallied yesterday and today. We tried and failed. The rally was without conviction and no volume. As can be seen from the past week's 5-day ARMs, the large money is now accustomed to selling. I can add some more negatives but I must go. However, if the market acts like it normally does, we should get a false move between now and 2 PM. After that, it is best to have a lifeboat ready. The one benefit of the H&S formation is that if it works there is a good chance it will rally back to the neckline before it goes down hard. Anything is possible, but for this afternoon, I think it is best to protect one's private parts.