Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (22011)	7/21/1998 5:29:00 PM
From: bobby beara	Read Replies (3) of 94695

Jimmy, I warned everybody about the bear flag flying on the Nasdaq a/d line, this weekend. The nasdaq is toast and if 1167 SPX support doesn't hold next stop 1130, but that may not hold long either. Yesterday was probably the peak, I can't see the Nasdaq climbing out of the whole it dug itself. Just like I was talking about this weekend, the non-confirmation by the cyclicals: transports, paper (IP), metals (AA), semi-conductors (intc) means we are headed toward recession (not your garden variety either) and that bozo Greemspam is worried about the economy getting too hot. A lot of these cyclical stocks report on THURSDAY! Another stock that made a hairy double top and bearish engulfing reversal was CCI. Last week the II survey went from 41% bulls to 52% and 31% bears to 24%. Thats a dramatic one week reversal. I think we will probably now have a dramatic one week reversal in the other direction making a pinpoint top. CRB broke it's June 15 reversal support, Asia probably will go back in the tank now. The CLUES are everywhere, and JQ Public is CLUELESS????? it's beara time bwdik, bb

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