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

To: Haim R. Branisteanu who wrote (39552)4/15/1999 10:51:00 PM
From: Moominoid  Read Replies (2) | Respond to of 94695
 
SPX closed about 1 point below the 13dma at the top of the last ascending triangle. Looks like support to me.

Using my weekly indicators on SPX I can lower my BK alert. Last week I noted that about two weeks more strong upawrd movement would put us in a July 98 type top. This little pullback has lowered the statistics and it will take longer or higher again to get to a turning point of that type.

David



To: Haim R. Branisteanu who wrote (39552)4/16/1999 6:31:00 AM
From: William H Huebl  Respond to of 94695
 
Haim,

Yeah, and I was not ready for that BA move and should have been. If I had gone back into my option yesterday I could have made a 50x1 return. Not bad for 4 hours work???

To David... I see 11,400 as peak trend line for this move... much higher and it is a calamity ready to happen!

Bill


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