Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (94250)	4/4/2014 2:26:27 PM
From: shoreco	Read Replies (1) of 94695

That was a great call.....of course looking in the rear view mirror, maybe even genius... Simple math (rounded to nearest 50)... Mid 1990's the SnP went from 500 to 1500 (300% increase)...then retraced to 750 then went to 1500 creating a (double top) then we went back to 750 creating a (double bottom) In a chart formation of a "big w" a bull move would equal 2x the retrace or 750x3....= 2250 and also a 300% move.... There are a lot of variables that could change and the main one I have been looking at is a long term chart of the Nasdaq......it just looks so good for a double top.... I could be totally wrong as money continues to flow into this market....and the end result is inflows = up...outflows = down.... Good trading, Shoreco

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