Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor2 who wrote (33228)	11/6/1998 9:52:00 PM
From: Thomas C (Hijacked)	Read Replies (1) of 94695

I dont think we will hit new highs. This market looks like the March 1937 top and finally mega rally up to almost new highs (within 3% or so) The Mclellan summation index also shot straight up in that finally rally, just like the mclellan summation is shooting up now. decisionpoint.com In addition we have a potential triple bearish divergence developing now in the DJIA since we are only about 4% from new all time highs. Notice how quickly in 1937 the euphoric almost vertical up rally was reversed and retraced all the gains. I think a Fed meeting no rate cut could be a catalyst for the decline. tc

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