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


To: Chip McVickar who wrote (37950)3/4/1999 2:57:00 PM
From: bearshark  Read Replies (1) | Respond to of 94695
 
Chip: If we had the faked selloff, it has ended. Now it is up the the INDU to convince the other indices to move up with it. This is close to happening. Another 70 minutes and we will know. Let's see if the INDU can hold up and carry every one else with it to the close. This will be a great test to see if there is any strength left in this market. Even if it can move up nicely, it could turn right around tomorrow. I will keep watching.



To: Chip McVickar who wrote (37950)3/4/1999 3:57:00 PM
From: bearshark  Read Replies (2) | Respond to of 94695
 
Chip: It looks like everything went according to plan. With 10 minutes to go the last bit of information that the market can give is the finish. We were up above 9470 or plus 200. It seemed to drop a bit. Now the final information will be the strength of the last 10 minutes. If it drops fast at the end it is still weak. I looked at the volume and it does not look like the sentiment has changed that much. But I am about to leave where I am at and be back to my analysis tonight. I hope you enjoyed the moves. I like the mid-day fakeouts.