Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (30819)	10/8/1998 9:28:00 AM
From: bearshark	of 94695

David: For me, today needs to bring to a close the trend since 11/94. I have that posted at a close on the DJI of 7700. That looks like a foregone conclusion at this point. Next, I need a close below the 7400 for new lows for a confirmation of a bear market. Then we may go to 6000 or so. However, there should be one more reversal rally after this drop and one final leg down in the major averages. If all this comes to pass, maybe a final at 5500 to 6500. What would be amusing to the bears (maybe not), is a touching of the 7400 level, a one-day reversal, and a close above yesterday's lows. I doubt if that will happen but it could make the bears get hot feet. And I have such tender nice paws.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next