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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Haim R. Branisteanu who wrote (53851)7/29/1999 10:46:00 PM
From: bobby beara  Read Replies (3) of 86076
 
Thanks Haim, here is the link to the chart, to all hit reload to update the chart if you viewed this link before

bway.net

I don't believe the bulls will be able to take control here, but you have to give them some chance above the 200 day moving average, they've don't it so many time before. I believe this support will just provide a bear flag at best, given the downside momentum on this decline i wouldn't rule out a motha of a decline here off the peak of the motha off all bull markets, i remain with a large 200% short ndx position that was purchased between 7/6 and 7/19 and will am only trying to hedge with with long positions on rallies if i'm wrong, the other half of my current posiition is long gold stocks.

As noted by our sentiment King Heinz, who puts bernie schaeffer to shame --- 90% bulls on $, tells me you got to be on the other side of the trade here, long gold and short the most euphoric $ stocks

bb
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